One year in the future, new QG, are things better?
Posted in the Worldcolor Forum
#1 Oct 26, 2010
So whats everyones guesses on a year from now 10-26-2011, what will be different, what will have changed, do you think as a whole things will really be better?
#2 Oct 26, 2010
If you were already a Quad employee before the acquisition, things will probably be better since there will be more work to keep the 'legacy' Quad plants filled with. Having said that, if you are like me and are a 'legacy' Worldcolor employee, things will probably be worse since the work in our facilitys continues to be absorbed by the (once again) 'legacy' Quad plants.
#3 Oct 26, 2010
I suspect that we will be a much smaller company a year from now, with plant closures continuing. The remaining plants will feel busier as work is shifted around, but it wont be because the industry is getting stronger, but rather becuase the number of production facilities is being reduced. It wont just be the legacy Quad plants that will get work, Midland is already picking up titles from the plants that are closing, and we are actually picking up work from the legacy Quad plants too, so while the legacy Quad plants will undoubtably pick up work, I beleive that they will also spread the work around to Legacy Worldcolor facilities too.
#4 Oct 26, 2010
Maybe so, but, as a business owner selling printed products, I can tell you that the amount of books, magazines, etc that we sell has been cut by about 80% over the last 3 years. It is getting to the point that we are seriously thinking about doing away with it. Six years ago, probably 50% of what we sold was printed material, soon it will be zero. All the electronic media has killed off printed matter. People won't pay for what they can get for free on their computers, cell phones, Ipods. I think school textbooks may be OK for a few more years, but schools are already offering them on DVD as an option. Packaging is here for a while, but even that is cutting back to more "generic" types which is cheaper to make.
I would start looking for another career as soon as I could, maybe go to school to learn robotics, CNC machining, etc. Just my perspective from outside the printing field........
#5 Oct 27, 2010
Quad will either lose contracts as they have in the past or industry will be continuing to dwindle away. None of you should feel over confident for sure.
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