With Wall Street viewing printer LSC Communications as a zombie, trading at a market cap of about $7 million, the company announced that they are closing three more magazine and catalog printing plants. The closures are positioned as positive and decisive measures that “will strengthen the Company’s manufacturing platform by significantly reducing costs and improving utilization across LSC’s production facilities.” They are closing plants in Strasburg, VA (approximately 385 employees); Glasgow, KY (about 650 employees); and Mattoon, IL (about 750 employees) as “the company continues to focus on manufacturing footprint optimization to align with industry trends.” The closures are expected […]
