Connect with us

Headlines

Jewelry Company to Shut Down Plant, Cut 42 Jobs

mm

Published

on

Its parent was acquired this month.

Jewelry manufacturer Samuel Aaron Inc. plans to shut down its operations in Mount Vernon, NY, with 42 jobs to be cut.

The closure is set for April, the Journal News reports. The newspaper cites a filing with the state Department of Labor.

Samuel Aaron produces DiamonLuxe simulated gemstone jewelry along with other products.

Richard Katz, chief operating officer for Samuel Aaron, was not available for comment, the Journal News reports.

The layoffs are set to begin April 12 and continue over a two-week time frame.

Samuel Aaron, which has several hundred employees worldwide, is part of the Aaron Group. The Aaron Group was acquired this month by Richline Group, a wholly owned subsidiary of Berkshire Hathaway.

Advertisement

Richline’s CEO, Dennis Ulrich, said in an earlier press release that the acquisition “will allow The Aaron Group to continue as the leader of bridal, three-stone and fashion diamond and gemstone fine jewelry while leveraging Richline’s advanced capabilities across our entire jewelry value chain.”

Read more at Journal News

Advertisement

SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular