breaking news

Springfield hospital system awarded for using tech to improve health

Sidney plant to close, cut 78 jobs


Cenveo Inc. said it will close its commercial printing plant in Sidney and eliminate 78 jobs in January.

Cenveo, a $2 billion company based in Stamford, Conn., filed a notice with the Ohio Department of Job and Family Services on Friday, about the closing. The plant is located at 829 Vandemark Road.

“All manufacturing and productions operations will cease January 14, 2014,” the company said in its notice. “All employees affected by the plant closing are expected to be permanently laid off and their employment terminated on January 14, 2014.”

A company official contacted Monday declined to take a question about the job cuts and plant closure.

Cenveo operates more than 100 facilities across the U.S., as well as manufacturing operations in Asia, South America and Central America. In September, Cenveo purchased the assets of its chief competitor, National Envelope.

The company reported improved third-quarter earnings on Nov. 6, but noted that it faced headwinds in two of its businesses.

“We continued to see similar trends during the third quarter that we experience in the first half of the year with negative pricing pressures in our envelope and commercial print businesses,” the company said in a news release on its earnings.

Cenveo (NYSE: CVO) noted that sales for the quarter topped $442 million for the three months that ended Sept. 28, compared with $437 million for the same period last year. Most of that increase came from higher sales in the direct envelope business.

Net income for the quarter totaled $23.9 million, or 29 cents per share, compared with $4.4 million, or 6 cents per share, during the third quarter 2012.


Reader Comments ...


Next Up in Business

Chipotle food scare highlights issue that impacts thousands annually
Chipotle food scare highlights issue that impacts thousands annually

Chipotle is grappling with more cases of foodborne illness, an issue that causes one in six Americans to get sick annually after consuming contaminated foods or beverages. The company’s stock has taken a hit this week following foodborne illness issues at a restaurant in Virginia and a report of rodents scurrying around at one of their restaurants...
Chipotle food issues: Does your local restaurant have violations?
Chipotle food issues: Does your local restaurant have violations?

Chipotle’s stock has taken a hit this week following foodborne illness issues at a restaurant in Virginia and a report of rodents scurrying around one of their restaurants in Texas. Chipotle executives told Business Insider that the chain temporarily closed a restaurant in Sterling, Va., after a small number of customers reported symptoms like...
Air Force awards big contract to UDRI
Air Force awards big contract to UDRI

The University of Dayton Research Institute has received a seven-year, $43 million Air Force contract to develop nonmetal materials for airplanes, spacecraft and ground vehicles. Researchers at UDRI’s campus and at the Air Force Research Laboratory at Wright-Patterson Air Force Base will investigate adhesives, sealants, elastomers, textiles,...
Bacon cravings push pork prices higher
Bacon cravings push pork prices higher

Your love of bacon is causing pork-belly prices to reach record highs. As more and more people reach for a pack of bacon at the grocery store, pig farmers are struggling to keep up the demand, according to a report from the Wall Street Journal. Pork-belly, the part of the hog used to make bacon, have risen around 80 percent in 2017. Americans bought...
Ohio unemployment rate ticks up
Ohio unemployment rate ticks up

Ohio’s unemployment rate rose slightly in June, back up to 5 percent from 4.9 percent in May. The number of unemployed in the state has gradually risen by about 10,000 people in the past year, even as the state added 56,800 jobs from June 2016 to June 2017. Non-agricultural wage and salary employment increased 11,500 over the month, to 5,528...
More Stories