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CU System
Check printer Deluxe to close three plants
ST. PAUL, Minn. (9/8/08)--Check printer Deluxe Corp. says it will close three manufacturing plants and a call center as a result of the slowing economy. The St. Paul, Minn.-based company also announced Wednesday it had reduced its third-quarter earnings forecast and adjusted its outlook for 2008 to include restructuring and other one-time changes (StarTribune.com and Winston-Salem Journal Sept. 4). It will close plants in Greensboro, N.C.; North Wales, Pa.; and Thorofare, N.J., and its call center in Thorofare. About 570 positions would be terminated by the end of the month. In July Deluxe reported a 9% drop in second-quarter net income. The announcement did not address the increasing trend toward consumers paying bills electronically at the expense of writing checks.


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