No Willy Wonka here!
Factory tours will cease August 30 as manufacturing operations shut down.Theo announced Wednesday they will merge with American Licorice Company, which produces Red Vines. The mergerEtienne Patout, CEO of Theo Chocolate, said the company has gone from a local brand to one that is distributed nationally, and now, in order to keep up with that growth, they will need to “[enter] a new way of doing business to ensure the future of the company.
“Like other businesses, we are contending with rising costs across all aspects of our manufacturing and supply chain, requiring us to change,” Patout said in a press release. “We’ve had to make some tough but necessary decisions to ensure the company’s long-term viability.”The factory’s closure will result in 60 employees losing their jobs. The company will keep its headquarters in Seattle, its flagship store and confection kitchen.
Patout said Theo remains committed to supporting those impacted by the transition. The company offered impacted employees a severance package that includes COBRA medical coverage, payouts of PTO balances, and mental health and job search resources. “We are incredibly grateful for our dedicated team members who have championed Theo’s mission,” Patout said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Seattle-based company Theo Chocolate to close factory, lay off around 60 employeesThis will see the company close manufacturing in Seattle and lay off around 60 employees, which it says is “necessary to ensure the future of the company.”
Weiterlesen »
Theo Chocolate announces merger, plans to close Seattle factorySeattle's Theo Chocolate announced a merger with the American Licorice Company (ALC) that will lead to the closure of Seattle-run operations. FOX13
Weiterlesen »
Junkyard Gem: 2006 Mercedes-Benz C 280 Luxury SedanA 2006 Mercedes-Benz W203 C-Class sedan, found in a Colorado Springs self-service car graveyard.
Weiterlesen »
You could be entitled to free cash if you used Google between 2006 and 2013—here's how to claim itA small payout can be claimed as a result of a Google class-action settlement related to improperly shared user data.
Weiterlesen »
Urgent expansion joint work to close 2 lanes of I-5 near West Seattle Bridge ThursdayDrivers heading south on Interstate 5 in Seattle may have a rough commute Thursday morning.
Weiterlesen »
Creating a dense, moist chocolate cake with Einkorn flourDon Mauer turns to organic einkorn flour for his sour cream chocolate cake recipe. It worked great, producing a dense, moist cake.
Weiterlesen »