Matthews International Corporation is a publicly traded company. The company’s stock trades on the NASDAQ under the ticker MATW. On February 27, 2019, Matthews International submitted a WARN notice with the Indiana Department of Workforce Development.
The letter explains that Matthews plans to permanently close its Richmond, Indiana Casket Plant. Restructuring and consolidation are cited are the reasons behind the decision. The plant is located at 401 Industrial Parkway in Richmond, Indiana.
The first phase of separations is expected to occur on May 3, 2019. The first phase will result in 29 employees being laid off from their positions. The plant closure is expected to impact 122 employees in total. The workers do not have union representation. Bumping rights will not be available.
Matthews will offer separation packages to full-time employees who are permanently separated as a result of the plant closing and who remain employed through their separation date. The full WARN notice can be found here.