Business Services Industry
New Brunswick, N.J., toy-making plant to close; jobs to be outsourced to China.
Knight Ridder/Tribune Business News, September, 2004
By Ken Tarbous, Home News Tribune, East Brunswick, N.J. Knight Ridder/Tribune Business News
Sep. 10--At least 200 workers in Middlesex County will lose their jobs by the end of November, according to the state Labor Department.
Pressman Toy Corp. will shut down its New Brunswick manufacturing plant, cutting 130 jobs by Nov. 30, James Pressman, president of the toy and game company, said yesterday.
"It's one of the hardest decisions we've ever had to make," he said. "The truth is we probably should have done it three years ago. We tried to hold on, but it became a situation where it's a matter of survival." The Joyce Kilmer Avenue factory makes about 85 percent of the Pressman Toy's products, but because of competitive pricing the work...
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