Little Raymond’s Print Shop, which opened a facility on the east side of Indianapolis in 2013, said it has terminated 114 employees.
In a notice to the state, the company said the terminations are due to “unforeseen business circumstances” and will be permanent. The letter did not provide details and referred to the action as a “closure.”
Little Raymond’s provides screen printing, embroidery, direct-to-garment printing, and customization services, according to its website. The company operates out of a facility at 2900 Shadeland Avenue on the city’s east side.
In 2013, the company—at that time, a subsidiary of California-based online retailer ooShirts Inc.—secured $450,000 in tax credits and $90,000 in training grants from the Indiana Economic Development Corp. based on the company’s plan to hire 105 people by the end of 2016 and to open a regional production and distribution facility in Indianapolis for graphic design and digital printing.
IEDC records show that Little Raymond’s earned the entire amount of those incentives.
ooShirts was founded in 2006 by teenager Raymond Lei, who was looking for a cheaper way to procure shirts for his high school tennis club, according to the firm’s website. In 2010, the firm posted revenue of $2.2 million.
The Worker Adjustment and Retraining Notification, or WARN, Act requires employers to provide 60 days of advanced notice when a mass layoff will occur. According to the WARN Notice filed with the Indiana Department of Workforce Development, Little Raymond’s said the layoffs were scheduled to take place March 18.
Affected employees are not represented by a union, the letter said.
Requests for more information from both IBJ and Inside INdiana Business were not immediately answered. The phone number listed on Little Raymond’s website was not in service Monday.