Quebecor World Wins Approval of Plan to Pay Managers $42 Million Bonuses

Where the hell is a Christmas bonuses for the employees who will meet these goals?$4.00 + for gas $6.00 for a gallon of milk, I bet these managers don't have any trouble filling their fridges or gas tanks. Well... that's th QW way,SCREW THE LITTLE GUY, the golden rule that no matter how large the profit, never share! Didn't these guys go to kindergarten?

Sounds like the whole country! monkeyman.
call pete gabriel and shock the working monkey.
cancel your cell phone, cancel your cable tv, and stop giving the pusherman his weekly dues.
Then the tombstones in your eyes will clear up!
then get a new job!
Or you can wait for the pussified, liberal democrats to give you everything you need for free.
Just sign up for there socialized, communist society, when the gov. runs everything.

www.jobfinder.com

Walmart is also, always hiring, 6th grade education rekwired.

Where is da pierogies down south

STANSKI wrote:

Sounds like the whole country! monkeyman.
call pete gabriel and shock the working monkey.
cancel your cell phone, cancel your cable tv, and stop giving the pusherman his weekly dues.
Then the tombstones in your eyes will clear up!
then get a new job!
Or you can wait for the pussified, liberal democrats to give you everything you need for free.
Just sign up for there socialized, communist society, when the gov. runs everything.
www.jobfinder.com
Walmart is also, always hiring, 6th grade education rekwired.
Where is da pierogies down south

Who pissed you off???????

rekwired is spelled required, gee you could work for Walmart Stanski!!!!!

That was sarcasm...hukt ahn fahniks....We got turkeys for Christmas last year.

Awe, come on now. These execs deserve the best. I was one of them. They think that the execs will quit on them and the business will deteriorate even more so.That is the reason for the bonus money. I don't know of too many who would be missed. I know. I was replaced. They offered nothing to keep me.So I left for better pastures.They will not miss me at all.I do miss the workers and many of the staff who were my friends over the years. The talent level is diminished and the good work force is not respected.

QW bought nashville and taunton (retail) 6 years ago, the only bonus or incentive we got was the "Q-buck" program. Nashville has made consistant profits while maintaining the high Quality expected by our clients. While I understand the need to retain these managers, the employees who bust their asses every shift are taken for granted. I am proud to be a printer, I take pride in doing my job well, and I am a dedicated, educated, foward thinking employee. I will shut my press down to fix any problem that is affecting the quality of my books or keeping me from reaching maximum IPH. I take the hit so the next guy can run well. To me this is the definition of team work. If these principals were followed by more crews everyone would run better, production would increase and there would be fewer customer complaints.Unfortunately, the pressure for quantity leads to lax maintenence, which leads to longer down times when major problems, that could have been prevented,occur. I do not underestimate the pressures that these mgrs face but as we all know, shit runs down hill, and no good deed goes unpunished.

Just a note for STANSKI, I am not from Tennesee, I am a full blooded yankee carpet bagger and have found that while the work ethic in the south is far more laid back than in the north, the people here know how to balance work and family time. I am proud to work with the guys in Nashville and we have always worked hard to reach our goals. I will say this: Thank God for the hispanics! If it were not for the Guatemalans and Hondurans at our facility QW's goal would not be attainable.

Dear Stanski,
or should I say Stanilsaw?

Thank god for your insight into the way we run this country. Your up bringing in poland was probably ten times better than we get here in the states.

I have worked for QW.
I have been there whore.
And yes I would have stayed
But they fu--cked me out the door.

I liked while I was there
The co-workers were cool
But guy's like Stanski
Made up, all the rules.

They lost their human feelings
When they became a boss
They just thought
We were there albatross

the truth be know
we run this engine right
with out the indians
the chiefs would have no fight

this is out there
to my brothers in the trenches
without us
the leaders have no???? What ?????

In my opinion, paying out forty-two million dollars in bonuses to our managers in utter nonsense. Where, exactly, are they going to go if they don't receive their bonuses? Who will want them? R. R. Donnelley? Quad/Graphics? Our managers must share SOME responsibility for the mismanagement of our plants, don't you agree? Why should they receive bonuses from a bankrupt company? I'm certain that plants such as Dallas could use a piece of that "bonus" money for some much-needed repairs and updates. But that's just my thinking.

Sorry, but this needs to be said.

Technology took the skill out of your craft.
Pre press used to be an art, now in two week a little black girl can make cilinders. Ask Ken Perry, he touted this at all the meetings and coperate was listening.
Register is automated, no need to have a 5 year aprentiship. People were promoted to MIC after one year, Todd and Danny touted this, coperate was listening.
A business was run, sorry most of you were on the losing end of a dieing industry, but it is what it is. Technology has killed the printing industry, it is dieing and you poor whinney bastards are its last breath. It is not coming back and all of you know it. QW will not recover, nor will your jobs. Sorry, facts are facts.

And something else, Olive Branch and Corinth, wheather you know it or not, are in compition to stay open. I will never under stand why, but the plans are to close OB and move the equiptment to Corinth. This sucks, but it is the plans of coperate. Waite cooperate, some little nit picky minumum wage book stacker with an english degree will blast me and not appricate the inside information.

To be truthful, all the rumors we hear, the last 6 months has always lead back to the closing at Olive Branch....I really can't or don't know why,
but someone is looking after Corinth, and believe
me Corinth has so many problems, I really don't understand it except maybe if they closed Corinth
after all the untold millions they have given them
that could have gone to so many other Plants that are doing well...maybe someone in management cannot accept that is thinking and strategy were wrong....he rather lose the whole company than saying he was wrong about Corinth....i don't know why....

Scrotch Drexel wrote:

Sorry, but this needs to be said.
Technology took the skill out of your craft.
Pre press used to be an art, now in two week a little black girl can make cilinders. Ask Ken Perry, he touted this at all the meetings and coperate was listening.
Register is automated, no need to have a 5 year aprentiship. People were promoted to MIC after one year, Todd and Danny touted this, coperate was listening.
A business was run, sorry most of you were on the losing end of a dieing industry, but it is what it is. Technology has killed the printing industry, it is dieing and you poor whinney bastards are its last breath. It is not coming back and all of you know it. QW will not recover, nor will your jobs. Sorry, facts are facts.

I agree with you and probably will get blasted for it also, but it is the truth, technology has made the printing industry a dinosaur. I don't even buy greeting cards anymore since you can buy software to print one up, or you can go on line to do it for a fee less than what they charge for cards. The end is coming and as much as I also hate to say it, more of the loyal QW work force will be gone. It will be a very sad day when the printed word will be no more, but that day is coming.

could use anyone's insight here....feel free
thx in advance

i am thinking of buying some shares.....does anyone think they will emerge from bankrupcy and when....will it ever be profitable

thx again

Hey drexel, you obviously don't know a thing about the retail division! Automated register is a pipe dream and QW wouldn't spend the money to retrofit or even repair the old CCRs on the few presses that have them. It is no wonder the company is failing if you are an example of QW's elite management. Learn to spell the language you speak, obviously ignorance is not relegated to the south! Your "inside information" may be insightful or may just be a load of shit, in the mean time I'll ride my dinosaur into the volcano and when it all falls apart my education will allow me to succeed another career of my choice.

Thanks to everyone for the kind words to those of us who are still employed by Quebecor World. We're bastards? OK - if that's what you really think of us, so be it. At least learn to spell words correctly. All right, now let me state that I do NOT think that our industry is dying. There will ALWAYS be a need for print.

What we have now is overcapacity, which has been driven primarily by the advent of new technology. Presses, stitchers, and binders now run at speeds which were unimaginable forty years ago.

When I started in printing, letterpress was still the king. Press makereadies took days instead of hours. Type was set by hand, Intertype, Linotype, Ludlow, and Monotype.

Printing will survive. Do you really think that people will no longer want books, catalogs, directories, advertising inserts, and magazines? Are guys really going to prefer taking their laptops into the bathroom with them while they take care of business or will they want something to hold in their hands and read?

Quad/Graphics is the printer to watch, as has been the case since the late 1970s. Whether you like that company or not, you have to admire their growth into a major player. I know that I certainly do.

Quebecor World will survive, too ... despite the ineptitude of its owners. How many plants will we ultimately have? I don't know. But I do know that it costs a hell of a lot of money to relocate rotogravure equipment. That's why Memphis is still among the living.

If they do close Olive Branch, it will be solely because it's more cost effective to move stuff into Corinth rather than out of it.

The best executive is the one who has
enough sense to pick good people to do
what he wants done, and self-restraint
enough to keep from meddling with
them while they do it.
-- Theodore Roosevelt

Good quote & do we have any executives in our organization of QW that fit that profile and are deserving of a bonus? I can't think of any can any of you? This is not sarcasm either, it is a serious question.

It all boils down to economics. It costs just as much to keep a "small" plant, such as Olive Branch, open as it does a "large" plant, such as Corinth, or Dyersburg, or Covington.

Also, you have to consider the area. Olive Branch is basically a suburb of Memphis, which is a high cost area for business. Corinth is a "small" town. There is lots of space for expansion. the taxes are low, and there are fewer restrictions on air quality, etc.

Corinth was, and still can be a high quality, low cost plant. It was ruined, first by World Color, then, Qw didn't do the necessary investment to revive it until it was almost too late. Now an effort is being made. I don't know if it is enough to help.

Olive Branch is a great plant. Full of good, knowledgable people that can and will turn out a good product. I would hate to see it close.

But.......if QW is to survive, it will have to make some unpopular decisions. It will have to pack the "large" plants full of equipment and work so they can produce what they are capable of. It makes no sense to have 20 plants operating at 50% capacity, when you can have 10 0r 12 plants operating at 100% capacity.

I see that some people that post on these forums say that QW is "bankrupt" and shouldn't be paying this and that bonus, etc. QW is NOT bankrupt, they just can't pay ALL that they owe right now. Could you pay ALL that you owe for your house, car, boat, 4 wheeler, kids college loan, etc RIGHT NOW?? I couldn't, I'd have to file for protection too if the banks and loan companies wanted to be paid in 30 days. That's the same situation that QW is in right now. They simply don't have "enough" money to pay for everything all at once that is due. Yes, some vendors are being screwed out of some of what was due them. Yes, some employees AND managers are being screwed out of some of what was due them. And yes, QW is no the best company to work for. It's not the worst either..........

"Quebecor World Inc. the bankrupt printer of Time and Cosmopolitan magazines, won court approval of a plan to pay about 250 managers bonuses totaling as much as $41.9 million."

The quote above is the reason many people (myself included) have been referring to Quebecor World as bankrupt. If a person or a business has greater liabilities than assets, that is called insolvency or bankruptcy.

As many people have discovered, when you live beyond your means, it's eventually going to become all bad.

We could debate forever why Quebecor World is now in such deep shit, but in my opinion, it ultimately goes back to bad decision-making by many company leaders, including those who ran Arcata Graphics, Great Western, Johnson & Hardin, W.F. Hall, W.A. Krueger, Providence Gravure, Alden Press, Brown Printing, Ringier AG, Texas Color, Northeast Graphics, Greater Buffalo Press, World Color, and of course, Quebecor itself.

Let's all just hope for the best and not pick on each other too much. We're all in the same (I hope NOT sinking) boat.