Posted in the Worldcolor Forum
#1 Apr 25, 2009
Hi there, I'm an employee of RRD. I've been reading some of the posts here, and for what it's worth, RRD uses many of the same lies your company does. I guess we are in somewhat better shape than QW, but we also have shutdown days and scattered layoffs. It does seem that concerning the manning of the plants, what we would laugh at just 3 years ago is now policy. I could suggest more than a few wastes of salary where I work as well, but really, what can we do? Not that I would wish anyone to lose their job, but between QW and Vertis, I seriously wonder which one will still around by the end of the year. Of course if one ceases operations, it will be the lifeblood for the rest. Including RRD.
#2 Apr 26, 2009
RRD isn't in very good shape dude...one could argue after the emergence of QW from creditor protection, they will be in a far far better postion than any of the biggies remaining and that is when QW will begin its pecking away and forcing RRD into the uncomfortable position of losing their work to a much much lower cost producer...mainly QW, which will have all of nothing on its debt sheet...RRD on the other hand has mountains and mountains of debt...there is absolutely no way they will be able to compete on price...
that...you can go all the way to the bank with, my friend...you will see...
wanna no how bad it is at RRD????
well my man...you are on a QW forum...
that speaks volumes to me...
#3 Apr 26, 2009
quebecor world or whatever he name will be, will have debt on its balance sheet after it emerges from creditor protection-exit financing is needed and its a pretty large sum
#4 Apr 26, 2009
To RRD employee your Company made the US's top 30 lists of companies to go bankrupt before the end of 2009. so maybe you should spend more time wondering if you'll still be standing.
#5 Apr 26, 2009
Where can I find this list?
#6 Apr 26, 2009
Why would anyone allow RRD to make any kind of comments? They need to be shut down. They are all the QW competitions wether you are union or not. Why would you allow the enemy in the camp? QW employees may disagree, but we are like cousins feuding cousins maybe but still cousins.
#7 Apr 26, 2009
the whole printing industry has went to crap for 2 reasons . iwq and rrd having underbidding contest which has ultimatley led to the destruction of both . the only winner is quad and small mom and pops who dont compete themselves into bancruptcy .period point blank .the one thing both these companies have seem to push aside is material cost go up , unit cost go up but yet printing cost somehow goes down .. way to think there boys .printing would be fine if both rrd and iqw said 10 per 1000 and left it alone with out starting at 10 and winning the bid at 5 .
#8 Apr 26, 2009
I do not want any Union people making decisions concerning my life, you people have made a wreck out of this country as it is.
#9 Apr 26, 2009
growing up I had a neighbor. You have allprobably heard of this guy. Mt parents bought a pool, he bought a pool. We got a new camper, a newer more expensive camper shows up in his yard. My dad gets a new truck, he gets a enw truck. regardless of how civil we wer to one another, it still was somewhat funy. This guy did everything my dad did to compete for status on our street. almost like he had something to prove to us. He was a super nice guy. no major problems. But ther always seemed to be that i can out do you thing going on.. If we look at our competition, we kinda see that. They are following the same path we took just over a year ago.the difference is, those customers that they took from us are going to have noone else to turn to when they fail and be forced to come back to who never wanted to lose them in the first place. Tough economic times bring tough desicions. No bad blood between our peer from the other side here, but keep one thing in mind. we did it before it was to late. now we have a chance to come out of it and stnd on top. Hell we have always worked with you. Its professionalism. We print sigs at our plant for redbook in matoon. So I can appreciate you crossing the line to come to us. you and i are personally not enemies. Our respective companies are competitors. what we did last jan was set the bar for what you will all have to go through. Only problem is, we are gonna set it so high, when you have to come out, you will be crippled. Wy, cause your biggest competitor has already gone down the dark roads and came out strong and probably took a lot of your business along the way. I dont want to see anyone friend or foe lose their livlyhoods. No matter what company, you still have family. John, I wish you and yours the best as I can tell from your post you a re good person who wishes all of us the best, but pleae dont think that rrd is gonna escape without injury. your right behind us and your financials predict our dark path will soon be yours. Keep your head up for your family. I wish no harm on them. As for your company, and please this is in no way personal john, qw will take back what they lost and then some. So please, you seem like a nice person to be posting in such a respectful way, watch out for your family cause anyone who has made it this far with qw knows the road thay lies ahead of you is pretty freaking rough.
#10 Apr 26, 2009
I have news for all of you - The print industry
is what is dead!!!Thank the internet that your
are reading this on!! Hey cant put a Parade rag
sheet in a newspaper that does not print!!!
They are going out of business left and right
and magazines are right behind them!!!
If you are younger than 50 you better find
#11 Apr 26, 2009
I agree to a certain extent. This industry is at its turning point. Most will go electronic, but there will still be a need for print. This is where the best will survive and the others will die. hell they still manufacture typewritters. I can say that this industry will nevr be worth as much as we are complaing about making now. But i can offer this bit of optimistic thought. How many of you have PC in front of your toilet? with that, print will always exist.
#12 Apr 26, 2009
I applaud your optimism, but I feel you are wrong in your view. The print industry is dead.
#13 Apr 27, 2009
The list was one of MSN.COM 's revolving headlines about a week ago."Companies most likely to be bankrupt in 2009" and yes RRD was on the list.
#14 Apr 27, 2009
The following companies are listed in order, based upon the credit-default swap spreads on five-year corporate bonds as of early April. The list is compiled from research provided publicly through MSN Money.
AbitibiBowater (declared bankruptcy on Friday)(ABH)
R. H Donnelly (RHDC.PK)
General Motors (GM)
Six Flags (SIX)
Financial Guaranty Insurance
Beazer Homes USA (BZH)
YRC Worldwide (YRCW)
Hellas Telecommunications II
American Axle and Manufacturing (AXL)
Ford Motor (F)
Rite Aid (RAD)
#15 Apr 27, 2009
Thats the same list I saw on MSN.
#16 Apr 27, 2009
RRD is not on there. RHD is.
#17 Apr 27, 2009
Rueben Hamilton Donnelley is NOT the same company as Richard R. Donnelley. It is, however, the same family. RH Donnelley is a publishing company. RR Donnelley is a printing company.
#18 Apr 27, 2009
NEW YORK — The chief executive of R.R. Donnelley & Sons Co., Thomas Quinlan, received compensation
valued at $5.6 million in 2008 — about 43 percent less than in 2007 — according to an Associated Press
analysis of a regulatory filing.
Of this, more than $2 million was in option awards that are currently worth
little, since their exercise price is higher than the company’s stock price.
According to a proxy statement the Chicago-based company filed with the
Securities and Exchange Commission, Quinlan received a salary of
$985,641 in 2008, up 26 percent from 2007. He also received $56,764 in
other compensation, which included $16,800 for a corporate car allowance,
$6,575 in personal tax and finance advice,$3,450 in company contributions
to a retirement savings plan and $9,934 in company contributions to a
supplemental executive retirement plan.
In addition, Quinlan received restricted stock and stock options valued at
$4.5 million when they were granted in February 2008. This included $2.3
million in stock options that are not worth much presently because the stock
has been trading much lower than the options’ exercise price of $32.07.
#19 Apr 27, 2009
What does this have to do with Quebecor World?
#20 Apr 27, 2009
Print continues to decline. RRD and QW trade between LL Bean and Cabellas every few years,among other accounts. Volumes from 2006 to 2008 at QW have declined each month 10% y/y and will continue to fall, even when they emerge.
The question is who remains at QW once it emerges? The folks that are still somewhat in charge are the folks that wanted to put $1 billion of new presses, which may have cut down on a few plant fires, but did nothing except put QW into big time debt in an industry that is declining.
My thoughts are that when QW emerges, it cleans house in Montreal and operates at a smaller scale and let RRD have its volume....volume doesn't matter if you cannot operate!
My 2 cents.
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