Printing giant RR Donnelly & Sons Co. is shutting down its Danbury plant at a cost of more than 150 jobs, its second closure in Connecticut over the past several months in addition to a plant in Windsor.
In the first quarter, Chicago-based RR Donnelley earned $37.4 million on $2.5 billion in revenue, down 2 percent from a year earlier. In the first quarter, the company triggered plans to lay off nearly 1,400 workers.
“Look, the top line here, no matter what product line you”™re looking at, is we”™re transforming RR Donnelley,” said CEO Thomas Quinlan, in a conference call in early May. “We”™ve been doing it for the last couple of years. It doesn”™t go quick. We”™ve said in the past that two-thirds of the revenue in 2000 were driven by domestic magazines, catalogs, retail, inserts, books and directories. In 2011, those products domestically constitute less than one third of our revenue.”
