Quebecor Lays Off 6% of Workforce
Montreal—Catalog and magazine printer Quebecor World said on Oct. 9 that it would lay off 6% of its workforce and take a $225 million pretax restructuring charge in its fiscal fourth quarter. Quebecor expects third-quarter diluted earnings of $0.45-$0.50 a share compared to $0.58 a year ago.
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