More than 100 people will lose their jobs with the shutdown of a Madison printing plant, according to a notice the firm sent to the state Department of Workforce Development and city officials.
The parent company of Sheridan Wisconsin, formerly known as Webcrafters, cited a “significant downturn in business” at the Madison location.
“The company will ensure that employees will be paid all earned wages and agreed upon benefits at the time of their termination,” the layoff notice read.
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The company said layoffs will begin in April and continue until the plant fully closes in late June. According to the layoff notice, 116 workers will lose their jobs — 12 are salaried employees and 104 are hourly.
The Wisconsin State Journal reports Webcrafters was a family-owned company dating back to 1868. It was purchased in 2017 by CJK Group, which has printing operations in six countries.
According to the newspaper, Webcrafters had about 270 employees at the time of the sale.
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