Torstar closing Hamilton printing and mailroom operations
This decision will affect 73 full-time and 105 part-time staff
Torstar Corporation has announced it will close its Hamilton printing and mailroom operations at 44 Frid Street, Hamilton, Ont., in August.
The media company will move its printing work to TC Transcontinental Printing and other Torstar-owned facilities, as well as other external printers.
Torstar has also extended its printing arrangements with TC Transcontinental Printing to 2024.
This decision affects 73 full-time and 105 part-time staff, noted Torstar.
The move is expected to result in savings of approximately $4 million to $6 million annually once fully implemented. The company says a further $6 million will be allotted to a restructuring charge in connection with the closure.
If the property is sold, Torstar anticipates that The Hamilton Spectator will continue to operate a head office in a new location in the Hamilton area.
Delivery of The Hamilton Spectator and other publications currently printed at the Hamilton facility will continue under their current arrangements.
“This was a difficult but necessary decision in order to operate more efficiently,” said John Boynton, president and CEO of Torstar Corporation. “This is in no way a reflection of the print and mailroom quality at the Hamilton facility, but rather a decision based on aging presses and more cost-effective alternatives.”
Boynton said that the move is expected to generate significant cost-savings.
“Unfortunately, though, it also means saying goodbye to our Hamilton production facility employees,” said Boynton.