American Greetings to start final job cuts at Bardstown plant in September
LOUISVILLE, Ky. (WDRB) – American Greetings will cut jobs at its Bardstown greeting cards plant in five phases beginning in September and ending in February with the permanent closure of the 34-year-old plant.
Cleveland-based American Greetings said March 6 it would close plant by the end of February, citing the company’s “future production needs.” At the time of the announcement, American Greetings said it employed 446 at the plant.
American Greetings disclosed its timeline for cutting the remaining 275 jobs at the plant in a legally mandated letter dated July 3 to the Kentucky Office of Employment and Training.
The letter says 123 jobs will be cut on Sept. 7, followed by 7 jobs by Nov. 2; 55 jobs by Nov. 9; 65 jobs by Dec. 7 and the remaining jobs by Feb. 28.
American Greetings was taken private in 2013 by the Weiss family, descendants Jacob Sapirstein, who founded the company in 1906.
In April, the family sold a 60 percent stake in the business to private equity firm Clayton Dubilier & Rice.
Here is American Greetings' letter outlining the timing of the layoffs: