Moore Cuts Work Force

Staff -- graphic arts online, 3/1/2001

TORONTO-Moore Corporation, a provider of printed communication products that billed $2.4 billion in sales last year, has cut 400 jobs from its North American forms and labels operations. The move, in response to the company's plans to reduce its work force by 10%, is expected to yield savings of $20 million.

The job cuts follow the company's announcement last month to integrate its Canadian forms and labels operations into its U.S. forms and labels business, an action expected to save $7 million to $10 million. Moore's forms and labels operations account for more than 50% of the company's revenue base.

"By integrating and streamlining our North American forms and labels operations, we are creating an organization that has a sharper focus on our customers and is better positioned to leverage our size and scope as the largest producer of forms and labels," explains Robert G. Burton, Moore's president and chief executive.

The changes are part of a companywide effort to reduce overall costs by $100 million in a period of 12 to 18 months.