The Chicago company that makes the gold-plated Oscar statues will be laying off almost 100 employees, but some workers may be rehired.
According to CBC, R.S. Owens & Co. Inc. said that they were going to lay off 95 workers on December 17. That is when St. Regis Crystal of Markham, Ont. will purchase the company.
According to BusinessWeek, Owens has been making the statues for around 30 years and they will still make the Oscars as well as the Emmy Awards Statues. Many of the employees who were laid-off have applied for jobs with St. Regis, but not all of them will be rehired.
According to Chicago Tribune, The statues will still be made at the plant in Park, Ill., but the other aspects of the business will be moved to St. Regis' facility located in Indianapolis.
Owens produces about 50 Oscar statuettes each year, and the process takes about three to four weeks.