The stunning impact of the immediate closing of Taylorsville’s Mitchell Gold + Bob Williams plant continues to be the talk of the community.
Company founder Mitchell Gold estimated in an interview Monday morning the closings will affect a total of around 800 nationwide.
Alexander County Public Information Officer Gary Herman said the total employment impact in Alexander County is 486 workers suddenly without jobs.
Gold said his understanding is that the company is ceasing operations because the company’s bank accused the company of being in technical default and abruptly suspended credit. “The bank had gotten to the point where they did not want to continue financing the company,” Gold said in interview posted on the Hickory Daily Record’s website.
Gold and partner Bob Williams founded the company in 1989. Gold said he and Williams “are devastated and kind of furious also.”
Gold said neither he nor Williams currently own the company. He said the company is now owned by The Stephens Group based in Little Rock, Arkansas.
Gold said he left the role of CEO in 2019 and has been under contract with the company to perform work as needed. He said he has not been involved with the company for most of that period but was brought back in last April to assist interim CEO Chris Moye.
He praised the interim CEO, saying that Moye has “done an extraordinary job of trying to save the company. ”Gold added, “It was just out of his control.”
Local companies are reminding the jobless workers that they are hiring.
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