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MONTREAL.
The tire company decided to concentrate more of its energies to online marketing. An online version of the catalog will be available.
In other news, the Toronto Globe and Mail reported that Quebecor World has filed a motion in U.S. bankruptcy court seeking to exercise its option to terminate the lease on its corporate jet. The printer would then purchase the jet and sell it for a tidy profit. The paper said Quebecor World has received three offers from potential buyers within range of the plane’s appraised value of US$20.4 million.
The Toronto Star also reported that Quebecor World won approval from the bankruptcy court to pay nearly 400 managers about US$4.6 million in bonuses they earned before the printing company sought Chapter 11 protection earlier this year.
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GPO Comes Under Fire for Outsourced Work
WASHINGTON, DC—The Government Printing Office (GPO) fired back at a series of stories that appeared in the Washington Times this week regarding security concerns for electronic passports produced outside the country, as well as the accusation that the amount of profits GPO reaped exceeded limits by law.
According to the paper, the GPO chose two European computer chip makers to produce millions of electronic passports. The passports are being assembled in Thailand by a company that was allegedly a victim of Chinese economic espionage, the report said.
The GPO stated there weren’t any U.S. companies which manufactured integrated circuits that met ICAO standards and/or rigorous testing. It also pointed out that GPO is required by Title 44 to undergo an annual audit conducted by an outside firm. As part of the audit, GPO management is required to make certain written representations ensuring the agency is in compliance with laws and regulations.
Printing Impressions Weekly