News

At the end of the European Works Council of Quebecor World Inc. on May 29, 2008 in Barcelona, the representative of Quebecor World announced the sale of Quebecor World’s European operations to Hombergh/De Pundert Group (HHBV), a Netherlands based investment group. This deal is the first step in HHBV's strategy to build a pan-European printing platform, RSDB said in a statement



Contrary to what was envisaged in November 2007 with Roto Smeets De Boer, it is not a merger / assignment but a disengagement of Quebecor in Europe.

The sale is subject to review by the European Commission that will decide in late June.



The EWC asked for a Select Committee meeting with management as soon as possible in order to be properly informed and consulted. The EWC chair and Senior Vice-President, M. Ben Schwartz, pledged to meet on 11 or 12 June, after his meeting with the U.S. officials of Quebecor World.



UNI Graphical and UNI-Europa Graphical urge the company to carefully consider the impact of this sale and take appropriate measures for employees in Europe.