And more carnage:
More than 200 workers at a Kansas-based manufacturing company have lost their jobs after the sale of the company fell through on Monday.
Hopkins Manufacturing, a global automotive parts company, filed two WARN notices with the state of Kansas, leading to the “immediate” closure of two of its facilities in Emporia and Edgerton, Kansas.
It specifically states Hopkins Manufacturing has been negotiating with various buyers so it can sell the company and continue its business operations with its current employees, business assets and inventory.
The company claims that one bidder had come forward in recent weeks with a viable bid and, as agreements were being made, they “unexpectedly withdrew.”
Hopkins Manufacturing said it has since been trying to find a new bidder, but was unsuccessful, leading the company to close.
The notice states that the company would have made the announcement sooner, but “given the urgency and seriousness with which the company and the potential purchaser approached the sale process and the fact that the parties had been actively negotiating a purchase agreement, the sudden withdrawal of the bid was unexpected and not reasonably foreseeable.”
News of the closure comes less than a month after Hopkins Manufacturing’s parent company, First Brands Group, LLC, made headlines in connection with a federal indictment for a multi-billion-dollar fraud scheme.
https://fox4kc.com/news/more-than-2...kansas-manufacturing-plant-falls-through/amp/