Oct. 27, 2010 (Canada NewsWire Group) --
MONTREAL, Oct. 27 /CNW Telbec/ - Transcontinental announces that it is closing the Transcontinental Boucherville printing plant at 1485 Coulomb in Boucherville.
"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, catalogue and magazine segment of its print network," said Jacques Grégoire, Senior Vice President, Magazine, Book and Catalogue Group. To remain competitive in this changing market, Transcontinental management has thus made the difficult decision to close Transcontinental Boucherville.
Some 180 employees at Transcontinental Boucherville will be affected when the plant closes on December 17, 2010. All employees will receive severance packages and job placement services to help them quickly find new employment.
Transcontinental thanks all the employees of Transcontinental Boucherville for their dedication and outstanding contribution to the company's success.
About Transcontinental
Transcontinental creates marketing products and services that allow
businesses to attract, reach and retain their target customers. The
Corporation is the largest printer in Canada and Mexico, and
fourth-largest in North America. As the leading publisher of consumer
magazines and French-language educational resources, and of community
newspapers in Quebec and the Atlantic provinces, it is also one of
Canada's top media groups. In addition, its digital platforms deliver
unique content through more than 150 websites. Transcontinental also
offers marketing products and services that use new communications
platforms supported by database analytics, premedia, e-flyers, email
marketing, custom communications and mobile solutions.
Transcontinental (TSX: TCL.A, TCL.B, TCL.PR.D) has 11,000 employees in Canada, the United States and Mexico, and reported revenues of C$2.4 billion in 2009. For more information about the Corporation, please visit www.transcontinental.com.
| Media Nancy Bouffard Director, External Communications Transcontinental Inc. Telephone: 514 954-2809 nancy.bouffard@transcontinental.ca | Financial Community Jennifer F. McCaughey Director, Investor Relations and Corporate Communications Transcontinental Inc. Telephone: 514 954-2821 jennifer.mccaughey@transcontinental.ca |