Oscar statuette maker lays off 95 employees
St. Regis Crystal of Markham, Ont., is buying the firm
The Associated Press
Posted: Dec 7, 2012 2:19 PM ET
Last Updated: Dec 7, 2012 2:24 PM ET
The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees as it's bought by a Canadian firm. But some workers could be rehired.
The company that makes the Oscar statuette is laying off 95 people, ahead of a takeover by a Canadian company. (Jason DeCrow/Associated Press)R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers on Dec. 17, when it is purchased by St. Regis Crystal of Markham, Ont. The business-data website Hoovers says R.S. Owens has about 250 employees.
R.S. Owens President Scott Siegel said many employees have applied to work for the new company but he isn't sure how many will be hired.
Oscar and Emmy statues will still be made in Chicago.
R.S. Owens has been manufacturing Oscar statues for about 30 years.
© The Associated Press, 2012
Share Tools
Big Box Advertisement
FILM REVIEW: The Hangover Part 3 by Eli Glasner May. 24, 2013 12:08 PM In a final outing with the wolf pack, the joke's on us, says Eli Glasner. The Hangover Part 3 is a strangely serious and laugh-free sequel to the popular, offensive, raunchy series.
Top News Headlines
- Greg Weston: Senate scandal may be Harper's worst hour
- The widening Senate scandal that the prime minister flippantly tried to dismiss as a 'distraction' just days ago has instead become arguably Stephen Harper's worst hour. more »
- Washington bridge collapse not Alberta trucker's fault, wife says
- The wife of the trucker implicated in Thursday's collapse of a bridge in Washington State that serves tens of thousands of commuters daily says her husband is not responsible for the incident. more »
- Canada ranks 3rd last in paid vacations
- Canada ranks third last among economically advanced countries in the amount of paid vacation time it guarantees its workers, a new U.S. study indicates. more »
- Canadian forecasters warn of active hurricane season
- Canadian forecasters are warning warmer-than-average ocean waters and the lack of an El Nino warming of the central Pacific Ocean will contribute to an "active" hurricane season this year. more »
Must Watch
Latest Arts & Entertainment News Headlines
- Robert Bateman Centre to promote more than artist's work
- Celebrated Canadian nature artist Robert Bateman is opening a new gallery in Victoria this weekend, but the artist says the aim is to do much more than showcase his work. more »
- 2nd jewel theft during Cannes Film Festival
- Thieves outsmarted 80 security guards in an exclusive French Riviera hotel and made off with a necklace that creators say is worth a staggering €2 million ($2.7 million Cdn) — in the second such jewelry heist during this year's Cannes Film Festival. more »
- Quebec film wins screenplay prize at Cannes
- Le Démantèlement, a movie by Quebec director Sebastien Pilote, has won one of the main prizes of sidebar program Critics Week at the Cannes Film Festival. more »
- Canadian buskers offer a glimpse into the life of a street artist
- As the busy summer busking season approaches, the CBC Community asked Canadian street artists to share their stories about the ups and downs of the business. more »
Q Blog
Dan Brown's bizarre rituals May. 24, 2013 12:15 PM The author discusses his new novel, Inferno, and the ritual he performs when launching another book.
CBC Books
Juvenile inmates benefiting from Russian literature May. 24, 2013 12:10 PM A juvenile correctional facility in Virginia has seen the behavioural benefits of encouraging their inmates to read the works of classic Russian writers like Tolstoy and Dostoevsky.
- Rob Ford fired chief of staff for telling mayor to 'get help'
- Rob Ford allies set to take over if mayor steps down
- Man ‘lucky to be alive’ after Washington bridge collapse
- Greg Weston: Senate scandal may be Harper's worst hour
- Alleged Ford crack video seller not responding to calls
- Pickup truck backs up over mother, 2 children in tent
- Montreal lifts boil-water advisory
- Amanda Bynes arrested for allegedly tossing bong out window
- Canada Post campaigns against 'no flyers' mailbox signs
