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.