Manischewitz Co. Slashes 169 Jobs, Closes Plant in Newark

Jewish Holiday Cupcake
Credits-iStock.com/photovs

The Manischewitz Company, Inc. announced it will close its plant in Newark, New Jersey, a move that will result in the loss of 169 workers.

News of the plant closure and job losses was reported in the Worker Adjustment and Retraining Notification (WARN notice). According to the notice, the closing and layoffs will take effect as of September. 14.

At a challenging time in the retail and grocery business, we have made the difficult decision to close our plant in Newark,” a spokesperson for the company said. “Beginning this fall, our products will be made at more modern New Jersey facilities.

The spokesperson for the kosher food manufacturing company said the executive team would remain at the company’s current Newark location.

In 2016, Manischewitz Company employed 300 workers. In 2014, Sankaty Advisors, an arm of Bain Capital Investors LLC, a private equity firm, purchased Manischewitz Company for an undisclosed price.

Founded in 1888, Manischewitz Company is the country’s largest manufacturer of processed kosher food products and the world’s top baker of matzah, a flatbread.

Manischewitz Company is just one of many New Jersey businesses that has announced major layoffs over the last 60 days. Sears Holdings Corp (NASDAQ:SHLD) in Watchung announced it will close by the end of the summer leaving 126 without work. The 118,000 square-foot property will be demolished and replaced with a shopping center.

Also in June, the Mount Laurel Center for Rehabilitation and Healthcare announced it is closing, resulting in the loss of 323 jobs. The long-term health facility was terminated from the Medicare program, forcing residents to find new places to live. The facility had 220 residents.

Meanwhile, Kellogg Company (NYSE:K) in Cranbury filed a WARN notice saying it was eliminating 316 jobs, Maserati North America, Inc. in Englewood Cliffs laid off 32 employees, and InterContinental Hotels Group’s Holiday Inn in Cherry Hill filed a WARN notice affecting 82 employees.

Davyln Industries Inc in Monroe Township filed a WARN report affecting 115 employees, and Compass Group plc, a leading food service and support services company, filed a WARN notice impacting 101 employees.

Sources:

Rapid Response WARN Notices – 2017,” State of New Jersey Department of Labor and Workforce Development, last accessed July 18, 2017.

Manischewitz Co. to cut 169 jobs, close plant in Newark,” njbiz.com, last accessed July 18, 2017.

Categories: Bankruptcies, Job Cuts, News

Advertisement