Deluxe Corp. Shutting Plants, Laying Off 570

Thanks to the slowing U.S. economy, Deluxe Corp. announced last week it is closing three manufacturing facilities and a call center.

The printer of checks and business forms will close manufacturing plants in Greensboro, NC; North Wales, PA; and Thorofare, NJ, as well as its call center in Thorofare. Overall it’s cutting 570 employees.

“These actions, while difficult, along with our strategic focus on driving higher growth business services from our recent acquisitions plus enhanced e- commerce capabilities while sustaining our core check businesses, will better position Deluxe to accelerate our transformation in a challenging economic environment,” said CEO Lee Schram in a statement.

The Shoreview, MN-based company in July reported a 9% drop in second-quarter net income. It said reductions in manufacturing costs were more than offset by the lower revenue per order in Deluxe’s financial services business and higher delivery costs, mostly from fuel surcharges. It also cited weakness in its small business services operations.

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