Cinram Closes Plant, Will Lay Off 33020 Apr, 2009 By: Chris Tribbey
Replicator Cinram Inc. will close its Richmond, Ind. plant, and will lay off roughly 330 workers at the CD and CD-ROM plant.
The local Richmond Palladium-Item newspaper reported that company officials told workers about the closure April 17, and that the plant would shut down completely by August.
The Toronto-based company had already announced in March that it was slashing 200 jobs, after reporting a $33.8 million annual loss. Company CEO David Rubenstein resigned at the end of March. Calls to Cinram were not immediately returned.
The Economic Development Corporation of Wayne County — in which Richmond resides — issued a statement saying it was disappointed to lose the business.
“EDC had offered to work with the company to offer assistance that might make it more attractive for the company to maintain its operations in Richmond,” the statement read. “The company did not ask for assistance. The EDC is sorry that Cinram did not provide EDC with an opportunity to offer job retention assistance to this plant. The loss of 330 jobs will have repercussions throughout the Richmond community and we are particularly concerned for the well-being of the families that will be affected by this company’s decision.”