Tuesday, April 24, 2018 || By Local News Curator || @maywoodnews
A plastic film and sheet plant in Bellwood has closed and 52 workers at the plant have lost their jobs, according to a report in the trade publication Plastics News.
In January, officials with Wisconsin-based Bemis Co. notified the state that the company’s Bellwood plant, located at 5303 St. Charles Rd., would close by the end of March.
Under the Worker Adjustment and Retraining Notification Act, employers with at least 100 employees are required to provide two months’ advance notice of plant closings and mass layoffs.
Back in January, Plastics News reported that the closure was “part of a larger push by the company to cut costs and optimize manufacturing capacity. Last year, Bemis indicated it would close a total of four plants with work at those facilities being transferred to other locations.”
The closings also reflect the company’s attempt to consolidate office space and cut costs related to administrative positions, warehouse and transportation, Plastic News reported.
Last June, Plastics News reported that the Wisconsin-based company, which makes plastic packaging products, wanted to “achieve $55 million to $60 million in annual costs savings.”
According to Plastics News’ annual ranking, Bemis is the largest film and sheet maker in North America and took in an estimated $4 billion global sales in 2017.
Last April, Bemis CEO Wiliam Austen told Plastic News that the company is “focused on improving our business and further positioning ourselves for long-term profitable success.” VFP
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