Transcon Printing shuts down three presses and lets 130 people go

Transcontinental Printing has let 90 employees go and shut down two web presses at its huge Aurora, ON printing plant. According to a story on the PrintCAN site, published by Graphic Monthly Canada, the cutbacks were "driven by market conditions and excess production capacity," said Jennifer McCaughey, senior director of investor relations and corporate external communications. 

Forty further layoffs are occurring in Edmonton, where one press is scheduled for dismantling. 

Transcontinental is Canada's largest printer and the fourth largest in North America and its media division is one of the largest publishers of consumer magazines in the country.