UNI Welcomes Quebecor World's Wish To Remain Independent

On May 12, 2009, RR Donnelley & Sons Company announced an interest in acquiring all or substantially all of the assets and properties of Quebecor World Inc., currently in bankruptcy court reorganization proceedings, from Quebecor World’s debtors for about US$1.4 billion in cash and stock. The proposed combination of the two companies would create a global conglomerate with an estimated $16 billion in annual revenues, roughly eight times the size of the next largest competitor.

The members of the UNI Graphical & Packaging Global Union, representing 150 graphic and printing labor organizations worldwide with a membership base of 828,000 workers, unanimously and vigorously support the emergence of Quebecor World from bankruptcy proceedings as an independent entity. A stand-alone, reorganized Quebecor World represents the best alternative for maintaining a competitive marketplace in the commercial printing industry, particularly in North America where RR Donnelley and Quebecor World combined represent about 50% of the market in a number of key product categories.

In light of RR Donnelley’s poor history of collaboration with its employees, we strongly believe the existence of a viable competitor such as Quebecor World will ensure continued fair pricing for customers, free markets for regulators and improved job quality for workers.

UNI is a global union representing thousands of employees of R.R. Donnelly worldwide.  The Graphic Communications Conference of the Teamsters Union (GCC) is a partner with UNI.

For more information, please contact Adriana.rosenzvaig@uniglobalunion.org