Transcontinental eliminates 1,500 jobs

Share this content:

Commercial printer Transcontinental has eliminated 1,500 jobs and introduced cost-cutting measures throughout Canada, the US and Mexico.

In recent weeks, commercial printing projects, direct mail projects and magazine advertising placements have been cancelled or postponed by Transcontinental's customers that have been hit by the recession.

The jobs were cut a result of the company's previously announced move to consolidate the operations of Transcontinental Direct USA Inc., as well as other factors, such as a company-wide review of production capacity, the adjustment of costs to demand, the closure of plants and the termination of some publications.

Transcontinental also is taking additional steps, such as implementing a hiring freeze, reduced work weeks and unpaid leave.

These measures are expected to cut costs by approximately $75 million annually, including $50 million in 2009.


Next Article in Direct Mail

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