The Canadian Press has reported that printing giant TC Transcontinental will be closing its Metropolitain printing plant in Montreal in January of 2018. The company said that it hopes to offer the majority of the almost 60 workers at the plant, positions at its other operations – but added that “there will be some job losses.” Transcontinental said the decision to close the plant was primarily due to the upcoming end of the printing of La Presse. The newspaper announced earlier this year that its last printed edition will be published on Saturday, December 30, 2017. La Presse stopped publishing a daily print edition on January 1 of 2016. Transcontinental added that most of the work done at the Metropolitain plant will be transferred to its Transcontinental Transmag plant in Montreal.
In April of this year, TC Transcontinental announced the sale of its media assets in Atlantic Canada to SaltWire Network, as well as the launch of a process for the sale of its local and regional newspapers in Quebec and Ontario. “These decisions marked a turning point in the organization’s transformation,” the company said. It also indicated that its Media Sector’s business strategy will be increasingly focused on the development of its Business and Education segment. In its Printing Division, an expanded agreement was inked with Lowe’s Canada earlier this year, which included the renewal of the agreement with RONA and the addition of the printing of all of Lowe’s retail flyers in Canada. This agreement represented revenues of $200 million over five years. Meanwhile, Transcontinental’s Packaging Division continues to deploy significant resources to develop its sales force, and to invest in its manufacturing platform to meet the needs of its growing customer base.