Cenveo (St. Louis) May Sell Bindery Assets, Lay Off 65

Printing company Cenveo Inc. may sell the assets and equipment of its bindery division, and if the deal goes through, would reduce its work force by 65 employees. Stamford, Conn.-based Cenveo has a letter of intent to sell the assets of its bindery business, which makes catalogs and books, to an undisclosed buyer, said Mike Denny, general manager of Cenveo-St. Louis.

If the sale is cemented, Cenveo could lay off 65 of its 208 local employees on Jan. 29. Denny disclosed the possibility to Missouri officials earlier this month to comply with the federal Worker Adjustment and Retraining