Metalor Technologies filed a Workers Adjustments and Retraining Notification with the Pennsylvania Department of Labor and Industry earlier this month. The notice indicates the Swiss-based company will lay off 121 employees by the end of the year.
Metalor Technologies is an international company with subsidiaries in 17, engaging in the refining, processing, manufacturing and evaluating of precious metals. It offers platinum, palladium, silver and gold bars to financial institutions and banks.
According to the filing, Metalor will close its facility at 1003 Corporate Lane in Export, Pennsylvania and lay off 121 employees on December 29. The reason for the closure was not provided in the filing.