Brief: Chicago Rivet & Machine Co Closure Of Its Manufacturing Facility In Albia, Iowa, Which Is Expected To Occur On Or Before Oct 1

Chicago Rivet & Machine

01/07/2024 21:13

July 1 (Reuters) - Chicago Rivet & Machine Co  CVR.A :
    * CHICAGO RIVET & MACHINE CO: CLOSURE OF ITS MANUFACTURING
FACILITY IN ALBIA, IOWA, WHICH IS EXPECTED TO OCCUR ON OR BEFORE
OCT 1
    * CHICAGO RIVET & MACHINE CO: CLOSURE OF FACILITY IN ALBIA,
IOWA
WILL IMPACT ALL 19 FULL AND PART-TIME EMPLOYEES
    * CHICAGO RIVET & MACHINE: DETERMINED IT IS IN CO'S BEST
INTEREST
TO CONSOLIDATE OPERATIONS OF ALBIA FACILITY INTO TYRONE FACILITY
    * CHICAGO RIVET & MACHINE CO:  SEES TO INCUR COSTS RELATING
TO
ONE-TIME TERMINATION BENEFITS, OTHER COSTS NOT CONSIDERED TO BE
MATERIAL TO BUSINESS

Source text for Eikon:  ID:n0001193125-24-173280 
Further company coverage:  CVR.A 

 ((Reuters.Briefs@thomsonreuters.com;))