Transcontinental Approve Sale Of Printing Plant In Dartmouth, Nova Scotia
Media and marketing company, Transcontinental Inc., has recently announced that they will be shutting down operations in Dartmouth, Nova Scotia.
The news comes as a result of an agreed sale and purchase of Transcontinental’s Dartmouth printing plant to Advocate Printing and Publishing, an independent business engaged in printing as well as publishing.
Transcontinental Inc subsidiary, TC Transcontinental, will resume the production of newspapers, retail flyers and other relative commercial products through its printing services in Atlantic Canada. This will be done primarily in other branch locations in Nova Scotia such as Transcontinental Halifax, Transcontinental St John’s and Transcontinental Prince Edward Island.
The plant’s sale has resulted in up to 55 Transcontinental Inc employees being laid off. Most subsequent unemployed workers have been offered jobs by Advocate Printing and Publishing themselves. TC Transcontinental has also assured such employees of the company’s support throughout the transitional period.
President of TC Transcontinental Printing, Jacques Grégoire, has stated that the reason for the Dartmouth plant’s sale and closure is due to the “shifting landscape for some commercial products” making the essential nature of the sale a “printing platform optimization strategy”.
Transcontinental still remains Canada’s biggest printing company despite recently closing a plant in Saskatoon as well. The company employs roughly around 8,000 workers in Canada as well the United States and has reportedly made revenue of up to 2 billion just in the past year.
Transcontinental’s Dartmouth plant is set to close by mid-August.