It announced the decision to staff at the plant this afternoon (11 December), and has begun consulting with the workforce and unions.
The future of Watford had been the subject of speculation for some time, and this was compounded earlier this year when Polestar opted to create a 64pp superplant at its Petty site in Leeds.
The Watford plant runs a new MAN Roland Lithoman IV 64pp web and an older short-grain 64pp. Both could potentially be relocated to Petty.
Watford employs 300 staff, and prints a number of weekly titles including TV Times and Whats on TV?.
In a statement, group operations director Mike Bartlett said: Polestar Watford and Petty serve similar markets and it makes sense to combine them now to create one cost-effective and efficient print factory. We continue to believe the future for Polestar is in a smaller number of much larger sites where we can achieve better scale and efficiency.
GPMU deputy general secretary Tony Burke described the announcement as "another blow to the printing industry". "I'm obviously very concerned for our members and their families, particularly at this time of year."
The union had been informed of Polestar's intentions and it will be meeting with the company to discuss the matter. Burke said he hoped to persuade the company to reverse the decision. "Polestar have said they are willing to listen to alternative proposals," he said.
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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