Quad/Graphics to lay off 50 to 60 people by end of year

Font Size:
Default font size
Larger font size

Posted: Thursday, August 2, 2012 3:10 pm

Quad/Graphics confirmed today it will cut between 50 and 60 jobs at the Kerper Boulevard plant in Dubuque by the end of the year.

The Sussex, Wis.-based company also cut 24 jobs at the Dubuque plant in May and said it was “looking at ways to maximize its efficiency and competitive platform,” according to Claire Ho, director of corporate communications.

The company began notifying some employees of cutbacks on Wednesday and plans to give at least 30 days notice that their job is being eliminated in Dubuque.

Ho said the company will offer current employees jobs at other plants around the country and if they are unwilling to accept those positions, they will be offered a separation package including severance pay, extension of health care benefits and assistance in finding a new job.

After the final cuts are made, Ho said the Dubuque plant will have approximately 200 employees.

“Decisions like these are never easy for us to make as a company and we appreciate the tradition of quality work that employees have produced in Dubuque,” Ho said.

Quad/Graphics is planning to release its second-quarter 2012 results during a conference call on Aug. 8 and Ho said the company was not allowed to disclose second-quarter performance prior to that day.

First-quarter earning results ending March 31 and released in May showed earnings down 3.1 percent from the first quarter of 2011, but Quad/Graphics President and CEO Joel Quadracci called the first-quarter 2012 performance a “solid start to the year.”

See the full story in Friday's TH.

© 2016 THonline.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More about

More about

More about

  • Discuss

Weather Forecast

View Forecast

Online Poll

Do you think CEO pay is out of step with the rest of the American workforce?

A recent survey indicates the average salary for CEOs climbed by nearly $470,000 last year -- more than 10 times what the typical U.S. worker makes annually.

Total Votes: 212