Year In Review : 2011 - Year of the Felony

Vertis Inc. completed a refinancing plan through a prepackaged Chapter 11 bankruptcy filing. The recapitalization was expected to strengthen the Baltimore-based firm’s capital structure by reducing its total debt by about 60 percent.

Quad/Graphics announced it was closing a direct mail facility in Fredericksburg, VA, eliminating 300 employees, while shedding another 400 employees from its Mt. Morris, IL, plant, which was subsequently closed. A smaller downsize, at its Depew, NY, location, led to 95 layoffs. Quad/Graphics later divulged that it was halting production at its Richmond, VA, and Stillwater, OK, plants, impacting 365 positions.