Quebecor World Inc.

Quebecor World Inc.

October 16, 2006 13:02 ET

Quebecor World to Close Facility in Lille, France

MONTREAL, CANADA--(CCNMatthews - Oct. 16, 2006) - Quebecor World Inc. (TSX:IQW)(NYSE:IQW) announced to its employees on Thursday, October 12 that it intends to close its roto-gravure facility in Lille, France as part of its ongoing restructuring efforts.

The Lille facility will be phased out during the coming months and is expected to close at the end of the second quarter of 2007. The closure will affect approximately 230 employee positions. Some of the workforce will be offered opportunities to transfer to the Charleroi, Belgium facility.

Taking into account earlier restructuring initiatives and the investment in the latest wide-web gravure technology in Charleroi, the Company estimates the impact to its European gravure capacity is essentially neutral.

Quebecor World Inc. (NYSE:IQW)(TSX:IQW) is a world leader in providing high-value, complete print solutions to leading publishers, retailers, catalogers and other businesses with marketing and advertising activities. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, direct mail, directories, digital pre-media, logistics, mail list technologies and other value added services. Quebecor World has approximately 29,000 employees working in more than 120 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland and the United Kingdom.

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Director, Communications
    Quebecor World Inc.
    Roland Ribotti
    Senior Director, Investor Relations and Assistant-Treasurer