Quad/Graphics lays off 24 employees

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Posted: Wednesday, May 30, 2012 5:29 pm

Quad/Graphics recently laid off workers at the commercial printing company’s Dubuque operation.

About 24 employees at the Kerper Boulevard plant were notified last week that their positions were being eliminated, according to Claire Ho, a spokeswoman for the company, based in Sussex, Wis.

The jobs were cut to “match staffing to work load,” Ho said. “Those impacted did receive a separation package, which includes severance pay, extension of health care benefits and assistance in finding a new job.”

A human resources representative in Dubuque referred all comments to corporate offices.

The layoffs come on the heels of a first-quarter earnings report showing a decline in sales. Quad/Graphics’ net sales for the quarter ending March 31 were $990 million, down 3.1 percent from $1.2 billion in the same quarter last year, according to a report released earlier this month.

Joel Quadracci, chairman, president and CEO of Quad/Graphics, called the first-quarter performance “a solid start to the year.”

“Our results are in line with our expectations,” he said, in the report, noting the company has made progress on “key priorities” of improving productivity, reducing costs and lowering debt.

On March 1, the company completed the sale of its Canadian business to Transcontinental, according to the report. The deal involved essentially exchanging Quad/Graphics’ Canadian assets for Transcontinental’s Mexican assets.

Quad/Graphics believes Mexico is a “promising growth market,” Quadracci said in the report.

Also during the first quarter, the company announced the formation of a partnership with Manipal Technologies Ltd., a print services company in India. Quad/Graphics purchased a minority interest in Manipal Technologies.

In October 2010, Quad/Graphics announced plans to restart equipment in Wisconsin that was shut down during the recession.

The company planned to close plants in Ohio, Mississippi, Tennessee and Nevada and move production to Wisconsin, creating up to 1,300 jobs in Wisconsin over 10 years with the assistance of $46 million in state tax incentives.

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