A manufacturing facility in Jeffersonville will soon be closing its doors. In a notice to the state, Missouri-based idX Corp. says it plans to cease operations at idX Louisville, leaving 114 employees out of work.
The company says the facility designs and manufactures retail environments. The layoffs are expected to take place August 3 or during a two-week period beginning on that date.
In a statement to Inside INdiana Business, the company says it will retain some non-manufacturing operations at the facility, while some production will be shifted to other idX locations.
“What started out as a promising year of growth for the industry has quickly devolved into a climate of uncertainty for our customers,” said Scott Stewart, vice president of idX. “The decision to cease manufacturing in Louisville was difficult but necessary and it is disheartening to have to share this announcement.”
The company says all employees have been notified of the planned layoffs, which are expected to be permanent. Any employee let go before August 3 will receive their full ordinary wages and benefits through that date and eligible employees will receive severance based on their tenure at the company.
idX says it is working to help affected employees secure available positions at other locations. The company will also assist with outplacement to other businesses in the local area.