 From the CBC: "MONTREAL - Printing giant Quebecor World Inc. (TSX:IQW) is going to cut 1,000 jobs, the company said Thursday.
It's part of an effort – the company's second in less than a year – to match the size of its business to weak markets.
The company's stock fell $2.15 or 8.2 per cent to $24 on the news.
A company spokesman wouldn't say where the cuts are coming, although about 80 per cnet of the company's business is North America, most of the rest in Europe and a small amount in South America. "
Quebecor is, to my knowledge, the largest printer of comic books, handling the chores for publishers across the industry, from Marvel to Fantagraphics. Quebecor has been having a rocky few years, and their stock is currently at a 5 year low, hitting a record low this past March.
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