In the first major move since announcing its triumvirate of recent acquisitions, RR Donnelley officially eliminated 85 jobs at Banta Corp., headquartered in Menasha, Wis., according to a local Wisconsin newspaper. The job cuts come on the heels of a $1.3 billion merger deal completed by Donnelley and Banta on Jan. 9.
The Appleton Post-Crescent reported that Donnelley made the layoffs official in a letter to Wisconsin’s Department of Workforce Development on Jan. 19 and that the reductions reached into the upper levels of Banta’s management.
“We recognize that this news is disappointing, and while we deeply regret having to proceed with this reduction in force, we believe this is a necessary business decision,” wrote Lorien Gallo, Donnelley’s group executive vice president of human resources, in the letter obtained by the Post-Crescent.
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