Schmidt Printing cuts jobs in Byron - KTTC Rochester, Austin, Mason City News, Weather and Sports

Schmidt Printing cuts jobs in Byron

BYRON, Minn. (KTTC-DT) -- Schmidt Printing in Byron announced this week that it's cutting 40 positions within the company.

"As a result of the decline in market conditions in 2008 and the unpredictability of the market in 2009, we have made the difficult decision to reduce our workforce and realign our operations in order to remain competitive and position ourselves for long-term success," Schmidt President Joe Ferguson said is a written statement.

Ferguson also says affected employees are being offered severance packages and help finding other jobs.

In October, the company added 30 positions as part of an expansion plan.

Most of those jobs were in the printing factory and paid $9 - $17 per hour.

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