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Quebecor World Sells Facility in Lille, France

Thursday, March 08, 2007

Press release from the issuing company

3/7/07 – Quebecor World announces that it has completed the sale of its printing facility in Lille, France to a group led by local management. In October 2006, the Company announced its intention to close the facility which was comprised of four 2.10 metre gravure presses. Under the terms of the sale agreement, the facility will continue to operate two gravure presses and retain approximately 100 of the 230 employee positions. The facility will operate in markets that are non-core to Quebecor World. The sale agreement and the separation package for the employees who are leaving the Company, have been arrived at with the participation, co-operation and approval of the appropriate labor and government representatives.

 

 

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