Westrock’s Centennial plant will be shut down within two weeks of March 25. (Screenshot)
A multinational paper and packaging company plans to close its Centennial plant, laying off 61 people.
WestRock Co. told the Colorado labor department on Thursday that the facility at 6446 S. Kenton St., Suite 220, will shut down within two weeks of March 25.
The company said 54 people will immediately lose their jobs when the branch ceases operations. Seven more will help with the closure, then leave in late April or May.
The bulk of the employees being laid off are production workers, the company reported.
WestRock did not respond to a request for comment. The company notified the state in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, which requires large employers to provide advance notice of plant closings and significant layoffs.
WestRock was formed by the $16 billion merger in 2015 of Virginia-based MeadWestvaco Corp. and Georgia-based Rock-Tenn Co. WestRock’s website said the company employs 50,000 people and has more than 320 manufacturing facilities, design centers, research labs and sales offices around the world.
WestRock’s website still lists one Colorado facility at 5050 E. 50th Ave. in Denver.
The company said in its most recent annual report that its net sales were $16.3 billion in 2018, a 10 percent increase from the year before. The report also noted that in 2019, the company expects its net sales to exceed $19 billion and its adjusted operating cash flow to be approximately $2.55 billion.
The Centennial building that WestRock is leaving behind is owned by NetREIT Arapahoe, LLC, which bought the property in 2014 for $11.85 million, according to records. The LLC is affiliated with Presidio Property Trust, Inc.
Westrock’s Centennial plant will be shut down within two weeks of March 25. (Screenshot)
A multinational paper and packaging company plans to close its Centennial plant, laying off 61 people.
WestRock Co. told the Colorado labor department on Thursday that the facility at 6446 S. Kenton St., Suite 220, will shut down within two weeks of March 25.
The company said 54 people will immediately lose their jobs when the branch ceases operations. Seven more will help with the closure, then leave in late April or May.
The bulk of the employees being laid off are production workers, the company reported.
WestRock did not respond to a request for comment. The company notified the state in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, which requires large employers to provide advance notice of plant closings and significant layoffs.
WestRock was formed by the $16 billion merger in 2015 of Virginia-based MeadWestvaco Corp. and Georgia-based Rock-Tenn Co. WestRock’s website said the company employs 50,000 people and has more than 320 manufacturing facilities, design centers, research labs and sales offices around the world.
WestRock’s website still lists one Colorado facility at 5050 E. 50th Ave. in Denver.
The company said in its most recent annual report that its net sales were $16.3 billion in 2018, a 10 percent increase from the year before. The report also noted that in 2019, the company expects its net sales to exceed $19 billion and its adjusted operating cash flow to be approximately $2.55 billion.
The Centennial building that WestRock is leaving behind is owned by NetREIT Arapahoe, LLC, which bought the property in 2014 for $11.85 million, according to records. The LLC is affiliated with Presidio Property Trust, Inc.
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