FEBRUARY 29, 2024 — MANASHA FACILITY CLOSURE, 339 EMPLOYEES IMPACTED
The company has announced it’s permanently closing its print production facility in Menasha, Wisconsin due to “changing market conditions. The closure will impact 339 employees and is scheduled to start on June 7, 2024, and will continue until the entire plant is closed on June 21, 2024.
In addition to Menasha, the company will also shut down facilities in North Chelmsford, Massachusetts, and Cumberland, Rhode Island, by the end of the year as part of "plans to consolidate its manufacturing footprint."
CEO Dave McCree noted, "While it is extremely difficult to move toward ceasing operations at locations with such skilled team members, this decision will position us for sustained growth by maximizing the capabilities of our platform. Our colleagues in North Chelmsford, Menasha, and Cumberland have performed exceptionally well. This decision is no reflection on their efforts, and we will be assisting each of them in any way possible as they transition to their next career step, either within our company or to another position."
Operations will transition to other Lakeside Book facilities, the release states, and leaders will work "closely with all affected team members, providing severance packages, job placement assistance," and other support.
According to a company spokesperson, "Demand for four-color books for the education market has dropped over the last few years, and we do not expect that demand will return to historic levels. We tried to reduce costs temporarily as a result of falling volume, hoping and anticipating that the volume would return. Unfortunately, that volume has not returned, and we do not expect it to come back in the future at the same level. As a result, regretfully, we are taking the difficult steps we have announced today."
JANUARY 20, 2022 — Original post…
Warrenville, Illinois-based Lakeside Book Company, the renamed book division of LSC Communications and the largest book manufacturing, book sales, marketing, and distribution company in the United States, has announced layoffs at its Cranbury, New Jersey facility.
According to a WARN notice filed with the State of New Jersey, the layoff will impact 164 employees with separations scheduled for March 4, 2022.
This is believed to be part of a cost-cutting effort manadated bt the company's hedge fund owner, Atlas Holdings who acquired LSC Communications in 2020.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?