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27 November 2019
Transcontinental Closing Prince Edward Island Plant
PRINCE EDWARD ISLAND—
Transcontinental has announced the closure of its Prince Edward Island plant located in Borden-Carleton by the end of January 2020 at the latest, and a reorganization of activities at its Transcontinental Halifax plant. This decision is in line with the Corporation’s strategy to continuously optimize its printing platform, adjusting the capacity and costs to business volumes. The decision to optimize TC
Transcontinental’s printing platform in Atlantic Canada unfortunately results in about 15 permanent layoffs. The Corporation has ensured that employees will be supported through their career transition. Transcontinental, has over 9,000 employees, the majority of which are based in Canada, the United States and Latin America. Transcontinental had revenues of more than C$2.6 billion for 2018. They are listed as Canada's largest printer by Graphic Monthly.
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