Quad/Graphics Reports Mixed Results for Quarter, Fiscal Year

By year end 2010, the company had closed six North American plants and Worldcolor’s Montreal headquarters. In early 2011, it already announced or completed two additional North American plant closures. The impact of these and other restructuring actions will result in the closure of approximately 3.6 million square feet of manufacturing and warehousing space, and a gross reduction of 4,400 employees. Currently, the company has realized a net reduction of approximately 3,000 full-time equivalent employees.