Quad/Graphics to lay off 550

Share this content:

Commercial printer Quad/Graphics is reducing its production capacity to better match declining print demand and, as a result, will eliminate 5.6% of its domestic work force.

Print demand has softened due to the economy, according to the company. As a result, Quad/Graphics is eliminating approximately 550 jobs at nine printing plants in five states across both production and administrative positions. The cuts will be completed this week.

"From consumer spending to housing and everywhere in-between, the world needs to go through a capacity reset,” said Joel Quadracci, Quad/Graphics' president and CEO, in a statement. “There is simply too much of everything chasing too little demand. The printing industry is no different. There needs to be an industrywide reduction in capacity.

"While I had hoped to see some better indicators as we entered the New Year, it's clear that this economic downturn is going to be much longer and more severe than we expected, and so we are taking appropriate and prudent steps to reset our own capacity," he said.

The reduction is simply removing redundant capacity throughout its network of plants and would not impact the work it does for its clients, Quadracci said.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above