Rib­bon maker clos­ing R.I. plant

Pawtucket Times - - REGION/OBITUARIES -

PORTSMOUTH (AP) — A com­pany that makes award rib­bons has an­nounced that it is clos­ing its Rhode Is­land man­u­fac­tur­ing plant and con­sol­i­dat­ing pro­duc­tion at a Mis­souri fa­cil­ity.

Portsmouth-based Hodges Badge Co. Inc. an­nounced the de­ci­sion Wednes­day, which will put about 45 peo­ple out of work. Cor­po­rate staff will re­main in Rhode Is­land.

Pres­i­dent and CEO Rick Hodges said in a state­ment the move was “a nec­es­sary and crit­i­cal eco­nomic de­ci­sion that we do not take lightly.”

The Portsmouth plant will close in Novem­ber and pro­duc­tion moved to Wash­ing­ton, Mis­souri, which al­ready han­dles more than 70 per­cent of its man­u­fac­tur­ing busi­ness.

The 98-year-old com­pany moved from Bos­ton to Rhode Is­land in 1974 and ex­panded to Mis­souri in the late 1980s.

Em­ploy­ees will be of­fered sev­er­ance.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.