Update on Woods

So remember on Monday when I said that the management of fridge and freezer makers W.C. Woods would be reaching out to employees to explain what happens now that the company's filed for bankruptcy? Yeah, apparently that hasn't happened yet. From what I've heard, Woods has been terribly silent to its 250-person work force, all of whom are now jobless, and from what I understand, compensation-less. To counter, there will be a rally at the Woods plant tomorrow at 9 am. If you can, please head on down and support the workers to whom I offer my best wishes.

Woods Deal Falls Through

Hitting the wire about an hour ago from CTV News, but it seems that a deal by a US firm to buy the W.C. Woods plant in Guelph has fallen through. This is a none-too-minor hit to local manufacturing and the employees that work at Woods, which has been on the proverbial bubble for much of the last year. The plant's even been receiving government funding to give employees paid days off due to lack of work.

What happens next is hazy at the moment. What's certain is that the business Woods' fate is now moving into a courtroom where the company's assets will be liquidated. The fate of employees meanwhile depends on who you ask. The Guelph Mercury out and out says that all 250 employees are out of work effective immediately, while 570 News says that 200 people will be laid off with the closure of Plant 2 and some employees being offered early retirement.

But more than that though, Woods is a Guelph institution, having made refrigerator and freezers in the Royal City for 75 years. Truly, this is a great loss in more ways thatn one.

Look for more info on this as the dust settles, apparently management will be talk to emplyees this afternoon. If you have any info or want to comment, just plug it in in the comments section below.