PI 400 - - Year in Review - A Year We'll All Remember

Renewal plans were abundant in 2001—and they were costly. Standard Register, Dayton, OH, sliced away nearly 30 percent of its work force, or roughly 2,400 employees.

Quebecor World, of Montreal, combined its commercial and direct mail groups, creating a business unit with sales in excess of $1 billion. However, the world's largest printer announced that facilities in three states would be closed, totaling more than 1,000 layoffs. Before the end of the year, Quebecor World revealed it would reduce its work force by another 6 percent, or approximately 2,000 to 2,500 positions.