LOCKPORT — A Lockport factory plans to lay off roughly 82 people and close its doors this fall.
Xten Lockport, a subsidiary of Wisconsin-based Xten Industries LLC, issued a notice to the Illinois Department of Commerce and Economic Opportunity on Sept. 2 that they were closing their facility at 15160 S. New Ave. in Lockport, said Dave Roeder, Illinois Department of Commerce and Economic Opportunity spokesman.
The company, formerly known as Paramount Plastics LLC, will lay off about 82 people on Oct. 29 and the process is expected to finish by Nov. 11. Many of the people being laid off were operators with the company, Roeder said.
Xten Industries LLC is a Wisconsin-based company that produces injection molded components and fully fabricated products, according to their website. In 2012, Xten Industries acquired Paramount Plastics, LLC, a news release stated.
According to a 2013 news release, Xten was experiencing the “largest and fastest expansion in its 70-year history,” with sales growing from $4.4 million in 2002 to $19 million in 2011. The acquisition of Paramount Plastics added another $15 million in revenue.
Roeder said the Lockport location had no union, according to the Worker Adjustment and Retraining Notification, or WARN notice, sent to the department. The notice also did not indicate if anyone was being transferred to another location, he said.
Under current labor laws, employers are required to issue a WARN notice 60 days in advance of closings and layoffs.
“What this notice does here is it swings us into action to go in there with other agencies to provide people job counseling and job referrals and help apply for unemployment,” Roeder said.