Portsmouth company to end 40 years of manufacturing in RI
Hodges Badge Company, Inc., a longtime manufacturing company in Portsmouth, is shutting its doors and moving operations to Missouri. Forty-five workers will be impacted, according to the public relations firm hired by the company.
Most of the company’s manufacturing is already conducted in the existing Missouri plant, and the decision was made to consolidate. The company is well-known for making horse show ribbons, as well as other badges and awards.
Rick Hodges, president and CEO, issued the following statement:
After more than 40 years of manufacturing in Rhode Island, Hodges Badge Company, Inc. has made the difficult decision to cease production at our Portsmouth, RI plant, effective November 2018. We will be consolidating all our manufacturing to our Washington, Missouri facility which currently handles more than 70% of our manufacturing business. Our Corporate staff will remain in RI.
Hodges Badge Company, Inc. is a 98-year old family-owned company and we consider each one of our employees as part of our extended family. We greatly appreciate being part of the Portsmouth community and are truly grateful to all the employees who contributed to our success over the past several decades. This is a necessary and critical economic decision that we do not take lightly, and we will be working with each of our employees to provide compensation packages and on-site outplacement services.
The company spokesperson tells NBC10 that empoyees will be offered severance pay ranging from 2 to 6 weeks, depending on time at the company.
Nora Crowley from the Department of Labor and Training says a team will offer to assist all the laid off workers. She tells NBC10 the department’s offerings include, “Support with the job search. Retraining options are made available to them. We make sure for folks that if they are in need of additional training to move into a new role that they know what is available to them through the department. Information on health care options is made available to them. Really our team is ready to support them through that process.”
The company says it will close its doors in November.