The E-Sylum:  Volume 6, Number 49, November 16, 2003, Article 17

FRANKLIN MINT LAYOFFS

  A November 13th article in The Daily Times of Delaware
  County, Pennsylvania noted that  "... up to 300 Franklin Mint
  employees could lose their jobs in a restructuring that will
  transform the company to an Internet and wholesale business,
  according to officials.

  Workers were asked yesterday to pack up their belongings
  and go home with pay, according to mint spokesman Howard
  Lucker. He said they will return over the next few days to
  discuss their transition out of the company.

  "We are going to have some layoffs over the next several
  months," he said. "We are developing a new, smaller business
  focusing on product development and  marketing."

  "Despite popularity and revenues in the millions, the business
  has been faltering for some time. Layoffs have been announced
  three times since 1999 and the facility, that once employed 1,500
  full-time workers, as of Tuesday employed only 300."

  "Everyone right there now is crying," a Bethel resident who
  works in the mint?s collections department said. But, she
  added, the move wasn?t a total surprise.

  "Every year before Christmas, it?s always the way it was,"
  she said. "Here comes the layoffs."

http://www.zwire.com/site/news.cfm?BRD=1675&dept_id=18171&newsid=10505907&PAG=461&rfi=9

  A followup article titled "Ex-mint workers ponder prospects"
  was published November 14.

  "I can?t think of anything negative to say about the Franklin
  Mint, except, the owners I?m not too happy with right now,"
  she said. "But, I understand they do what they have to do."

  "It?s kind of," Rogalski said, "an end of an era."

http://www.delcotimes.com/site/news.cfm?BRD=1675&dept_id=18171&newsid=10512951&PAG=461&rfi=9

  The history of The Franklin Mint was chronicled in the June
  2003 issue of COINage Magazine.

  Wayne Homren, Editor

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