MONTREAL, April 12 /CNW Telbec/ - Transcontinental announced today that
on June 4, 2011 it will be closing the Transcontinental T.R. Offset
printing plant at 1850 Bellefeuille, Trois-Rivières in Quebec. As of
that date, production of the daily paper Le Nouvelliste, the only publication printed at the plant, will be transferred to the
new Transcontinental Transmag plant in Montreal, which has benefited
from over $60 million in investments over the past two years. Le Nouvelliste will thus be able to take advantage of the broad scope of printing
options available at the state-of-the-art plant, which is part of
Transcontinental's Canada-wide network of new hybrid presses. This
network is expressly designed to meet the current and future needs of
newspaper publishers and provides key services such as faster
turnaround times, higher print and production capacity, colour on every
page and the ability to print on coated newsprint.
"In the past three years, Transcontinental has invested heavily in new
print technology, greatly increasing production capacity," says Ted
Markle, Transcontinental's Senior Vice-President, Newspaper Group,
Printing Sector. "During that same period, the printing industry has
undergone a major transformation. This has led to a complete review of
our newspaper printing network and, unfortunately, to the closure of
our newspaper printing operations in Trois-Rivières."
Some 50 employees at Transcontinental T.R. Offset will be affected by
the closure. All employees will receive severance packages and
out-placement services to help them quickly find new jobs.
Transcontinental would like to thank all the employees at
Transcontinental T.R. Offset for their dedication and outstanding
contribution to the Corporation's success for many years.
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 250 websites. Transcontinental also
offers interactive marketing products and services that use new
communications platforms supported by marketing strategy and planning
services, database analytics, premedia, e-flyers, email marketing,
custom communications and mobile solutions.
Transcontinental (TSX: TCL.A, TCL.B, TCL.PR.D) has 10,500 employees in
Canada, the United States and Mexico, and reported revenues of
C$2.1 billion in 2010. For more information about the Corporation,
please visit www.transcontinental.com.
SOURCE TRANSCONTINENTAL INC.
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