9 April 2009
Quebecor World plans to exit creditor protection in July
MONTREAL—Quebecor World has reached a deal with creditors on terms of a restructuring plan that will see the company emerge from creditor protection in the middle of July.

Quebecor World also said it anticipates having to arrange exit financing at levels that are below the current debtor-in-possession financing facility.

The company has been in bankruptcy protection since January 2008, and has implemented a variety of cost-cutting measures, including reducing its workforce by 12%, and slashing selling and administrative expenses.




NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
CLASSIFIED | RSS
Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Kelly says:
Until recently we only had to deal with bad customer service. In September we put in 2 different or...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print