Quad/Graphics Cutting 550 Positions

The capacity reduction includes equipment shutdowns at nine printing plants nationwide. The jobs cuts impacted production and administrative positions.

“This is a strategic move, made from a position of financial and industry strength, Joel Quadracci, president and CEO of Quad/Graphics, said in a statement. “Quad/Graphics continues to have industry-leading profit margins and, because we have maintained our investment grade credit quality, we have plenty of access to capital markets that will ensure our strong position within the industry for a long time.”