File photo of a display of an Oscar statue. (credit: Valerie Macon/Getty Images)
CHICAGO (AP) — The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees.
R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers on Dec. 17. The notice says the layoffs are permanent. The business-data website Hoovers says the company has about 250 employees.
The cuts come a month after R.S Owens announced it was being purchased on Dec. 17 by St. Regis Crystal Inc. of Indianapolis. R.S. Owens had said earlier this year that it was struggling financially.
A news release on the sale said the company will continue to make Oscar and Emmy statues in Chicago.
R.S. Owens has been making the Oscar statues for about 30 years.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)



Cavs GM Chris Grant &...
Namaste: Yoga Poses For...
Cavs Win 2013 NBA Drat...
Captain America Filming In...
Cleveland Marathon - May 19,...
92.3 The Fan Golf Outing At...
Baseball Shots Of The Week –...
Cleveland Browns Foundation...
Best Summer Dishes
CBS 2013-2014 Prime Time Shows
Flash Forward: Concept Cars...
Browns DT Phil Taylor In...
Baseball Shots Of The Week –...
Ariel Castro Arraigned On...
Gina DeJesus Homecoming
Amanda Berry Returns Home,...