Quebecor World Closes Magog; Signs Contracts

MONTREAL—Should Quebecor World emerge from bankruptcy in good shape, it will likely remember those entities who stuck by its side. . .as well as those who turned their backs on the venerable printer.

That turnaround faces a treacherous road, for now. Quebecor World has opted to close its Magog, Quebec facility. The plant produced magazines and retail inserts for the U.S. and Canadian markets. About 300 full-time jobs will be lost, including 200 positions already on temporary layoff, which will be made permanent.