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Replies to post #2084 on LSC Communications Inc. (fka LKSDQ)
PENNIEStoSTACKS
04/14/20 3:12 AM
#2093 RE: FROZENFLAME #2084
Since the announcement of the termination of LSC’s merger agreement with Quad/Graphics in July 2019, LSC has taken a series of actions to strengthen the Company’s operational and financial position. Including today’s announcement, LSC will have closed a total of eight facilities across various business segments and reduced its workforce by approximately 2,500 employees. Additionally, the Company has undertaken other actions to strengthen its position, including the implementation of new capabilities to enhance its industry-leading cooperative mailing solutions, relocation of key equipment, an increased focus on technology solutions for specific markets and strategic changes to LSC’s supply chain to reduce working capital requirements. https://investor.lsccom.com/news-releases/2020/01-14-2020