FALSE REPORT LEAVES PERNOD SCRATCHING ITS HEAD
A local Indiana newspaper incorrectly reported that Pernod Ricard USA will lay off 405 employees at the former Seagram Distillery in Lawrenceberg, a Pernod spokesperson told WSD.
Pending the asset sale of Pernod‘s Lawrenceburg facility (originally scheduled for complete shutdown) to the CL Financial Group at the end of June, CL plans to continue to operate the facility and recruit a yet-to-be-determined number of existing employees.
Pernod’s filing of a WARN notice with the State of Indiana last week was done to comply with the legal requirements regarding workforce notification for shutdown or sale of a single facility, and is not indicative of CL's hiring plans.
All in all, Pernod’s filing, which was done in compliance with the WARN act, was misinterpreted as a newly announced layoff.
As you may remember, Pernod announced a pending agreement with CL Financial Group, the parent company to CL World Brands earlier this year. CL’s brands include Angostura, Hine Cognac, Burn Stewart Scotch and an investment in Belvedere.
The tentative list of assets to be sold includes the Lawrenceburg distillery, bulk warehouse, bottling plant and finished goods warehouse, as well as the Rushville Grain Elevator. Terms of the proposed sale would mean that a yet-to-be-determined number of jobs would be upheld at the aforementioned facilities.
The agreement provides for the continuation of Seagram’s Gin distilling and mellowing at the Lawrenceburg facility under the supervision of Angostura. As previously planned, all bottling for Seagram’s Gin and Wild Turkey would move to Pernod Ricard USA’s facility in Fort Smith, Arkansas.
Pending the asset sale of Pernod‘s Lawrenceburg facility (originally scheduled for complete shutdown) to the CL Financial Group at the end of June, CL plans to continue to operate the facility and recruit a yet-to-be-determined number of existing employees.
Pernod’s filing of a WARN notice with the State of Indiana last week was done to comply with the legal requirements regarding workforce notification for shutdown or sale of a single facility, and is not indicative of CL's hiring plans.
All in all, Pernod’s filing, which was done in compliance with the WARN act, was misinterpreted as a newly announced layoff.
As you may remember, Pernod announced a pending agreement with CL Financial Group, the parent company to CL World Brands earlier this year. CL’s brands include Angostura, Hine Cognac, Burn Stewart Scotch and an investment in Belvedere.
The tentative list of assets to be sold includes the Lawrenceburg distillery, bulk warehouse, bottling plant and finished goods warehouse, as well as the Rushville Grain Elevator. Terms of the proposed sale would mean that a yet-to-be-determined number of jobs would be upheld at the aforementioned facilities.
The agreement provides for the continuation of Seagram’s Gin distilling and mellowing at the Lawrenceburg facility under the supervision of Angostura. As previously planned, all bottling for Seagram’s Gin and Wild Turkey would move to Pernod Ricard USA’s facility in Fort Smith, Arkansas.
posted at 12:29 PM
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