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Oct 27, 2010 12:00 AM
Montreal-based Transcontinental announces that it is closing the Transcontinental Boucherville printing plant at 1485 Coulomb in Boucherville, QC, Canada.
"Over the past several years, Transcontinental has invested heavily in new printing technologies that have made it significantly more efficient and augmented its production capacity. Today, because of the major structural changes in the printing industry that have led to decreased demand in certain niche markets, Transcontinental is faced with overcapacity in the book, catalog and magazine segment of its print network," says Jacques Gregoire, senior vice president of the company’s magazine, book and catalogue group. “To remain competitive in this changing market, Transcontinental management has thus made the difficult decision to close Transcontinental Boucherville.”
When the plant closes on December 17, 2010, the 180 employees will receive severance packages and job placement services. Transcontinental thanks all the employees of Transcontinental Boucherville for their dedication and outstanding contribution to the company's success.