Transcontinental closing pair of printing plants; 120 jobs affected
120 layoffs expected when Transcontinental closes Concord, Ont., Edmonton printing plants in December
MONTREAL—Transcontinental Inc. said it is shuttering a pair of Canadian print plants later this year as it looks to lean out its operations.
The Montreal-based printer said its printing plants in Concord, Ont., and Edmonton will close at the end of December.
120 employees will be laid off, according to Transcontinental.
“We are always looking at possible solutions to maximize our print platform,” the company’s printing division president, Jacques Gregoire, said in a statement.
“Our recent analyses have led us to close the Concord and Edmonton facilities in order to consolidate our production in state-of-the-art plants which will increase our efficiency and utilization rate.
“In light of the current market environment, we are pursuing our review and are examining various options to continue responding appropriately to demand while remaining cost-effective for our customers.”