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

Plant closings and layoffs hit full stride by the middle of the year as companies scrambled to issue new earnings forecasts. Cadmus Communications, of Richmond, VA, released 280 workers and Bowne & Co, New York City, released 650 people. Mail-Well, Englewood, CO, announced that nine plants would be shut down. And International Paper laid off more than 3,600 employees.