MONTRÉAL, April 11,
2022 /CNW/ - TC Transcontinental (TSX: TCL.A) (TSX:
TCL.B), owner of the Publisac, reacts today to the City of Montreal's announcement of its
intention to implement an opt-in system for the distribution of
flyers beginning in May 2023, that
would lead to the end of the distribution of the Publisac on its
territory. As already indicated by TC Transcontinental, an opt-in
model is unsustainable because of its complexity and the
prohibitive costs it would generate.
"In the current inflationary context, and at a time when the
population is facing an unprecedented rise in prices, the social
and economic relevance of the Publisac is greater than ever," said
Patrick Brayley, Senior
Vice-President of the Distribution Group of TC Transcontinental.
Indeed, the Publisac, in addition to giving consumers access to
discounts, distributes local newspapers at an advantageous cost,
helps merchants to attract customers and compete against the giants
of e-commerce, and supports thousands of direct and indirect jobs.
We intend to assert our rights and those of our customers if
necessary."
"For the past three years, and even up to the last few days, we
have sought constructive dialogue with the City in order to
collaborate in achieving source reduction, optimizing the recycling
system, and creating a circular economy for plastics in Québec,"
said Isabelle Marcoux, Chair of the
Board of TC Transcontinental. Our recent actions and investments
demonstrate our strong commitment to these goals. We firmly believe
that it is through collaboration, and not confrontation, that we
can find solutions to the challenges of our time that we all care
about."
TC Transcontinental reiterates that the opt-out model, the
current system in effect, is a simple and effective method for
those who do not wish to receive the Publisac. As proof, more than
200,000 Quebec households,
including approximately 120,000 Montreal households, take advantage of it.
About TC
Transcontinental
TC Transcontinental is a leader in flexible packaging in
North America, and Canada's largest printer. The Corporation is
also the leading Canadian French-language educational publishing
group. For over 45 years, TC Transcontinental's mission has been to
create quality products and services that allow businesses to
attract, reach and retain their target customers.
Respect, teamwork, performance and innovation are the strong
values held by the Corporation and its employees.
TC Transcontinental's commitment to its stakeholders is to
pursue its business activities in a responsible manner.
Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC
Transcontinental, has approximately 8,000 employees, the majority
of which are based in Canada,
the United States and Latin America. TC Transcontinental had
revenues of more than C$2.6 billion for the fiscal year ended
October 31, 2021. For more
information, visit TC Transcontinental's website at www.tc.tc
SOURCE TC Transcontinental