The Walton Corporation
Contact: Beki Winchel
783-456-9982
FOR IMMEDIATE RELEASE
Feb. 11, 2011
The Walton Corp. announces closure of Luckyville plant
LUCKYVILLE, Utah – The Walton Corp. announced the closure of its facility in Luckyville, citing the recession decreased revenue as factors in the decision.
The Walton Corp. CEO Susan Walton said the decision to close was hard to make. “We are sympathetic to our employees and their families at this time,” Walton said. “We will be helping them move forward through such things as severance packages, job training and job placement programs.”
The facility, which employs 300 people, will be closed by Dec. 31 and put up for sale.
The Walton Corp. had anticipated a potentially profitable product launch earlier this year, but revenues were lower than expected. This decreased revenue, along with the economic recession, contributed to the decision to close the plant.
“We thought about our employees’ welfare as well as our company’s,” Walton said. “Ultimately, it came down to reducing costs so that The Walton Corporation could still be in business.”
Although the closure will affect the town’s economy, Walton remains positive for the future of the community of 12,000.
“We hope this closure will give opportunity to another source of revenue for the people of Luckyville,” Walton said. “By selling the building, another company can offer new job prospects.”
The Walton Corp. was established in 1978 and manufactures educational software for children in kindergarten through sixth grade. The company owns and operates two other facilities, located in Minneapolis and Pittsburgh. Additional information can be found on the Web site: www.waltoncorp.com.
**This press release was written for a BYU media writing class Winter 2011 semester. The Walton Corporation is a fictitious company.
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