Newspaper article The Canadian Press

Transcontinental Closing Montreal-Area Printing Plant, 150 Jobs Will Be Lost

Newspaper article The Canadian Press

Transcontinental Closing Montreal-Area Printing Plant, 150 Jobs Will Be Lost

Article excerpt

Transcontinental to close Quebec plant

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MONTREAL - Transcontinental says it will further reduce its printing capacity by closing a plant in the Montreal area next month that will result in the loss of about 150 jobs.

Canada's largest printer said Thursday that its plant in LaSalle, Que. will close Dec. 20.

Marian Kerr, senior vice-president of retail and newspapers, said the decision was made to remain competitive as the printing industry continues to undergo major transformation that is altering supply and demand.

"Given the capacity and potential of our network, we have concluded that we have excess production capacity in relation to market demand," she said in a statement.

It is the latest of a series of similar moves that have been made across the country, especially following the acquisition last year of most of the former Quebecor World assets in Canada held by Quad/Graphics.

Transcontinental (TSX:TCL.A) announced in March that about 500 jobs would be cut with the closure of two of the six Quad/Graphics plants, one in Dartmouth, N. …

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