Nearly 200 people have been abruptly let go from their jobs at three Richmond-area facilities operated by a New York-based maker of store fixtures and merchandise displays.
PremierXD, which is based in Hauppauge, N.Y., notified its employees on Wednesday that its three manufacturing, warehousing and distribution facilities in Henrico County were closing effective immediately.
A total of 190 people who work at the three locations lost their jobs as a result, according to notices the company sent to state and local government officials.
That involves 138 employees at a PremierXD plant at 4650 Oakleys Lane along Interstate 64; 24 employees at a facility at 2400 Distribution Drive off Laburnum Avenue; and 28 employees at a facility at 3910 Technology Court in the White Oak Technology Park.
A WARN Act notice sent to state and local government officials said the job cuts and closures are “expected to be permanent.”
The notice said PremierXD’s Premier Fixtures entity “has decided that it must discontinue its business.”
In addition to the Henrico operations, the company has a headquarters office in Hauppauge, N.Y.; two locations in Everett, Wash., that provide sales, design, engineering, distribution and manufacturing; and a sales office in Portland, Ore.
The WARN Act Notice filed in Virginia said the company is closing its facilities “in other states” but did not list specific locations.
A phone message left for the company’s chief financial officer, who was identified as the corporate contact in the notice, was not returned on Thursday.
Each of the three Richmond-area operations is a little more than 200,000 square feet, according to the company’s website. The company moved into one of the sites, a former Hewlett-Packard facility in the White Oak Technology Park in eastern Henrico, in 2014.
The company said in the WARN Act notice that it did not provide greater advance notice of the job cuts because prior to Tuesday, the company “had been actively seeking capital and financing through various means and sources which, if obtained, would have enabled the company to continue its business operations and avoid (or postpone) the shutdown as well as any employment losses.”
PremierXD had announced in March that the company received an “infusion” of $9 million from its existing investors, GarMark Partners and Tailwind Capital.
Tailwind Capital, a New York-based investment firm, acquired the company in 2015.
PremierXD also announced in March that it had named a new executive management team, including David Gallitano as chairman and CEO and Nathan Gill as president and chief operating officer.
Anthony Romanello, executive director of the Henrico Economic Development Authority, said his office is working with the Virginia Employment Commission and the Capital Region Workforce Partnership to provide transition assistance to affected employees.
PremierXD’s closing is the second major plant in recent months to shutter without warning to employees.
In June, Colortree Group Inc. abruptly closed its plant at 8000 Villa Park Drive, off East Parham Road near Brook Road. The company, which laid off all 240 employees, had operated for more than 30 years printing direct-mail envelopes, flyers, brochures and other products.