Louisville, Kentucky-based LLFlex, a manufacturer of packaging materials and a provider of industrial laminate solutions targeted at the building & construction, wire & cable, and consumer packaging & other printable substrate markets, has announced a major layoff at their recently acquired Holyoke, Massachusetts-based Hampden Papers.
Hampden Papers, a premium paper converter specializing in paper, foil, film, holographic and transfer metalized lamination, sheeting, and embossing will see a reduction in force of 49% and much of their operations and equipment transferred to the company's new 73,500-square-foot fully integrated manufacturing facility located in High Point, North Carolina.
LLFlex's CEO, Victor Dixon, noted, “As we analyze and rationalize our manufacturing network along with looking at customer locations and logistics optimization, I believe it will at a minimum allow us to accelerate our hiring plans in North Carolina and may ultimately lead towards more job opportunities locally as well. We are moving several pieces of equipment to North Carolina including laminating, slitting, embossing and sheeting. Most of the equipment is slated to be transferred to High Point."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?