The Toronto Star has confirmed that it will close its 25-year-old printing plant in Vaughn and outsource the printing of the daily paper. The company continues to lose money as advertising shifts away from paper products to digital. In a release on Friday the parent firm Torstar said its plan is to sell its Toronto-area printing plant and outsource the work to Transcontinental, Canada’s largest commercial printing company. The closure will affect 220 full-time and 65 part-time people employed at the plant. The switch to Transcontinental is expected to begin in July and produce about $10 million of annual savings for Torstar, one of Canada’s biggest newspaper companies.
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