01/25/13 Employees at Whitley Products in Plymouth, Warsaw and Franklin, North Carolina had a rude awaking Thursday. They were told by their supervisors that they were being terminated immediately.
A phone call to Whitley’s in Plymouth resulted in a quick conversation with Plant Manager, Rick Green in which he read the following statement:
“Please be advised that Whitley Products, Inc.’s senior lending has again refused to provide the necessary funding to enable Whitley to continue its operations. As a consequence, and with great regret, we must inform you that Whitley Products, Inc. has terminated operations, effective today. For our employees, this means that their employment is terminated, effective immediately.
Possession and control of all Whitley’s operating assets is now held by Keltic Financial Partners II, Lp.”
According to their Tax Abatement Compliance Form dated 4/24/2012 Whitley Products had 110 employees.
The Franklin Press in Franklin, North Carolina was able to confirm that the same news came to the 108 employees there on Thursday.
A couple of calls to the Corporate Headquarters in Warsaw were not returned.
The statement did provide a phone number to Oleh Szczupak, Executive V.P. of Keltic Financial Partners but when WTCA called that number, we were referred to another number and had to leave a message.
