Dodge Printing in Utica, New York, has laid off the majority of it’s 65 employees in a move “to try and preserve the business,” according to Chief Operating Officer John Wissing. “The economy as whole in this region and in the U.S. is very tough right now,” Wissing noted. “Business has slowed, but we expect it to turn around.”
The layoffs come at a time when Dodge Printing is settling a federal lawsuit over unpaid worker benefits amounting to $23,000 filed by the Graphics Communications International Union Retirement Fund in April 2008; and an investigation regarding possible “fraudulent conveyances” between Dodge Printing and defunct Tech Valley Printing in Watervliet.
Creditors who were doing business with Dodge and Tech Valley asked bankruptcy officials to probe the financial transfers between the two companies.
Tech Valley’s creditors forced the company to shut down in early 2008 by filing an involuntary bankruptcy petition. Tech Valley was not able to pay its creditors.
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