HONOLULU (KHON2) - After 26 years in business, Hagadone Hawaii is shutting down its commercial printing operations in January.
The company cited the rising cost of business in the state, significantly increased import tariffs, and the shift of local commercial print jobs and publications to the mainland as primary reasons.
"Even with those investments and the changes in equipment and technology, the transactional business just hasn't been enough to keep up with the significant losses from the major retailers and the publishers," said Clint Schroeder, president and chief operating officer. "There is no doubt that this decision was difficult and not made lightly. The Hagadone family explored every possible alternative and found the only viable one is to narrow our focus to publishing and digital/online services."
The closure will result in 93 employees being laid off. The affected employees have allegedly been provided with 60-days notice and will be supported with job training and other resources.
"It's an understatement to say that this is one of the hardest days of my career, my life, and certainly one of the saddest," Schroeder said.
Schroeder stated the company will honor all commitments for printing through Jan. 11, 2019, and will also work closely with its customers to ensure smooth transition to other appropriate printers.
The company was first established in Coeur d'Alene, Idaho in 1968, and entered the Hawaii market in the late 1960s as the published of The Garden Island newspaper, Waikiki Beach Press, and This Week magazines.