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Canadians call time on Corby

Written by News Desk
Wednesday, 30 January 2008
Canadian firm, Quebecor World PLC, based in Corby, is being placed into administration. The company currently employs approximately 290 people at the site and produces magazines, catalogues and speciality print products for marketing and advertising campaigns. Parent company, Quebecor World Inc, has made significant investments in the web offset facility in recent years and these investments combined with important employee and management contributions were designed to turn around this business but these efforts have been unsuccessful. The UK facility has been cash negative since the loss of an important contract three years ago. A company spokesperson said: “Given the overcapacity in the UK printing industry, challenging market conditions and reduced demand for print in the UK market, the company does not believe the situation can be improved without further investment and significant restructuring. Set as favorite Bookmark Email This Hits: 275 Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form This content has been locked. You can no longer post any comment.