Oscar maker plans layoffs
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CHICAGO (AP) – The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees.
R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers Dec. 17. The notice says the layoffs are permanent. The business-data website Hoovers says the company has about 250 employees.
The cuts come a month after R.S Owens announced it was being purchased on Dec. 17 by St. Regis Crystal Inc.
R.S. Owens had said earlier this year that it was struggling financially.
A news release on the sale said the company will continue to make Oscar and Emmy statues in Chicago.
R.S. Owens has been making the Oscar statues for about 30 years.