Never worked there, but have been in printing 25 years. I always heard Hennegan was one of the best and most sought after places to work back in the early '90's....seems that's changed over the years. What a shame.
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Very sad for Hennegan and those fine folks. What a great legacy! I worked for RRD for 13 years. Never seen worse management. Dan Knotts, Glynn Perry, Tom Quinlan before Knotts, and the whole host of step-and-fetch clueless and gutless SVP's are getting the results they deserve. Quinlan went on to get his lesson with LSC tanking and declaring bankruptcy under his lack of leadership or vision. They closed my facility and I'm luck I got severance and time to land with a good Company. Many RRD people have not had that. A shame that CGX, including Hennegan, met such a demise. Sure, the industry called for change, but the management at CGX would have done a much better job and gotten much better results than Knotts and his hapless minions.
The VP of sales is responsible for running this company into the ground. Just look at how much money/time was spent on press checks, client hotels, client travel, client dinner. Newsflash: you don't need a press check anymore. It's not 1975. All of the $ spent schmoozing clients came back to bite.
RRD is a stock based company and bottom line is money and not people. All of those
top management salaries and bonuses just make it look worse. Their pay and bonus
should be commensurate with how well the bottom line is... Taking the steps to breaking
a company is what they did just like other large corporate companies that rely on
bottom line profits to stockholders. RRD stock is way down and anybody having it should
dump it while it is worth something. They are like Wells Fargo and need to be taught a lesson
even in these trying times.
RRD is the worst company i ever worked for and I will tell everybody I know and anybody i meet to never work for them.
Dan Knotts was arrogant when he bought Spencer Press back in 2005. Sad to see things have not changed. Tough to work with someone who knows it all.
After a quarter century of service to RRD, they threw me out into the streets and blamed COVID and low profits! Things totally turned south when they appointed Dan Knotts as CEO. Yet he made his $12.5 million each year. The people who made him his salary were treated like day old bread. Black heart of stone!
Hennegan is closing effectively July 27. Hennegan and RRD combining was the biggest mistake. From Poor management to the production floor, its always been us vs. them attitude. People dont care about their jobs or they might not understand how exactly to do their job, just that they are getting a paycheck. There are a lot of great people in this tangled mess though and its unfortunate they are losing their jobs. Clint and John ran it into the ground then Flippen came along and made it worse.
I've been in printing in Cincinnati for 23 years. The way everyone else in the industry has heard it, is that Hennegan is closing it's doors this month. Can someone confirm that? I'm not sure how RRD & Hennegan are structured on a corporate level. Is RRD closing Hennegan?
Fun fact: do the numbers lie or does the spin doctor BOD at RRD?
2014 purchase a successful competitor (CGX) for 620m CGX was a profitable, well run and growing year after year. RRD buys them because they could not beat them in the commercial print world. Most thought they were going to duplicate and expand on that CGX winning strategy. Instead the way they beat CGX was to but them and destroy them. The proof is always in the numbers. The buy a company for 620m and in just 5 years the entire RRD company is worth less than 80m. How smart would Joe Davis be to buy the entire company for 80m and turn it back around. #1 the day of the announcement the stock price would skyrocket because everyone know that it is 100% poor management that is ruining RRD. They had a proven winning plan and instead followed the same proven losing strategy. Outrageous and incredibly foolish. The worst is yet to come 2020-2021 will make the previous 3-4 years look good.
Get ready for 2021. RRD is cutting sales pay by almost 50%. How many reps will be left by 2022? RRD will file BK in 2022 and instead of blame the poor management led by Dan Knots they will say it was Covid. This has been a loser for years. How do you keep a CEO that oversees a 90% drop in value in 4 years?
Flippin and his ball gaggers and bag lickers finally shows that RRD management style is truly horrible. Shareholders should take a look at what they own and who they have leading the company. Dan Knotts aka Barney Fife is a joke and so is the HR VP Mark Brothers. A heartless team running a heartless business.
RRD brought CGX because they knew how to take care of customers and manage accounts. RRD does not care about sits customers or employees your just a number to them. Clear out the management and people making stupid decisions and this company and their stock will soar. Too many mangers and not enough works. Joe Davis knee how to run and company RRD has no clue. Keep changing things and soon the entire company will be out of business. The board or directors needs to wake up and talk to employees that are doing the work!
Same old rrd buy them up get all you can then close them down , it's been going down hill for years as far as raises benefits, no 401k forget it, move on
The employees are all in. However apparently RRD is all out...
2020 Success I'm all in banner the employees signed at the beginning of the year. Wow.....