HUNDREDS LAID OFF AS DOWNEY BUSINESS RELOCATES OUT-OF-STATEBy Downey Beat
DOWNEY – Hundreds of employees at the local branch of a direct mail company joined the ranks of the unemployed this week.
About 263 employees at IWCO Direct’s office in the 7300 block of Flores Avenue were let go as part of a “reset plan,” according to a statement on IWCO’s website. According to a stament by CEO Jim Andersen, the move will cut costs giving “additional advantages” for IWCO customers.
The company, which has locations in Minnesota and Pennsylvania, is consolidating its locations. Equipment from the Downey facility is being moved Chanhassen, Minn. and Hamburg, Penn., where all production work will now be handled.