11 March 2014
Datamark closure hits staff of hundreds
LAVAL, QC—Datamark Systems will close its facilities and cease all operations by the end of March, affecting more than 400 jobs including 300 in the greater Montreal area.

Union president Stéphane Daigneault told ICI Radio-Canada that management broke the news to staff at a meeting held Feb. 28, 2014.


Datamark Systems is shutting its doors

Chief executive officer Jeffrey Zuneshine attributed the closure to eroding markets and reduced margins in a letter sent to employees. Some staff will retain their positions to complete outstanding work orders.

Datamark, a commercial printing company that produces forms, labels and other products, was founded in 1978. It specializes in management services for print and electronic media with stations in Boucherville and Montreal. It also operates distribution centres and sales offices across the country, and an office in Florida.

In 2007 the publicly traded company, then called Datamark Systems Group, was acquired by Komunik, a privately-owned Montreal firm that went public following the deal. In 2009, however, Komunik entered court protection and several of its assets were purchased by an entity partly owned by Zuneshine, Datamark's former and once-again CEO.
Comments:
1. Anonymous says:
20 March 2014 at 8:11 AM
This is all happening because Jeffrey Zunenshine doesn't know what he is doing. He only thinks of himself and didn't care about how what he was doing was going to affect 500 employees in the end or his suppliers. After the Komunik issue he hand picked the people that were going to stay on and they were dedicated employees to the end and he somehow managed to earn back the trust of the suppliers and in the end they all got stiffed again.
NEW ON THE JOB BOARD | RSS
CLASSIFIED | RSS
Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Started in a Trade Shop says:
Are Paul McCarthy and Paul McCathy the same person. More spelling mistakes from Print Can. Tsk Tsk...
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