Harland Clarke Announces Lay-Offs

SAN ANTONIO – Harland Clarke, the new check-printing giant created by the combination of John H. Harland Co. and Clarke American, said it is closing down its manufacturing plant in Dallas and laying off 110 employees there. The lay-offs will take place later this summer. Earlier this month, M&F Worldwide, the investment vehicle for corporate raider Ronald Perelman, acquired Harland for $1.7 billion and is in the process of combining it with its Clarke American unit.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER