Transcontinental Inc. announced it is transferring its marketing product printing activities from Transcontinental Québec to other plants in its network, principally to Transcontinental Interglobe in Beauce, Quebec.
The reorganization is to result in the closure of the Transcontinental Québec plant located in Quebec City by April 30, 2016. The plant closure will result in approximately 140 layoffs.
“Conditions in the print market are changing and we must continuously adapt,” said Jacques Grégoire, President of TC Transcontinental Printing. “In this context, we need to review our equipment utilization to better optimize our platform. We regret having to make this decision which affects our employees and would like to thank them for their dedication to our organization.”
TC Transcontinental currently has over 8,000 employees in Canada and the United States, generating revenues of $2.0 billion in 2015.
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