Raining Rose lays off 49 employees
CEDAR RAPIDS, Iowa (CBJ) —
The promotional products company Raining Rose laid off 49 people this week, including a member of its senior leadership.
The Cedar Rapids-based issued a press release Wednesday discussing the layoffs that did not indicate their scope. President and CEO Chuck Hammond said that although four of the company's five divisions were experiencing "strong growth," the largest of the five experienced a 25 percent decline last year, with a continued downward trajectory projected for 2017.
In response, the company eliminated 49 full-time positions, according to a letter sent to affected employees that was obtained by the CBJ. Among them were the chief financial officer, line workers, machine operators and marketing personnel, according to the letter.
Employees were informed of the layoffs Tuesday evening and Wednesday morning.
In an email late Thursday, Mr. Hammond declined to provide additional information about the layoffs or the impacted division.
Raining Rose, which makes lip balm and other personal care products for the private-label market, has no plans to initiate additional layoffs in the near future, according to the company's press release.
The company is providing severance and outplacement services to all affected employees. As of last spring, Raining Rose had approximately 350 full-time workers.