Apr 13 2020
After weeks of speculation and reporting, LSC Communications announced clarity around its reorganization plans, which includes filing for Chapter 11 bankruptcy with the Southern District of New York.
According to a company statement, it has “sufficient liquidity to continue operating its business,” which should have several publishers across the U.S. breathing a sigh of relief, at least for now. LSC is the largest book printer in the country, and also boasts a sizable clientele of magazines.
Among those who may be concerned are the company’s 19,500 employees, but no word yet on how the restructuring plan will impact the staff.
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