Oscar statue-maker lays off nearly 100 employees

A display of Oscar statuettes

Related Stories

The US company that makes gold-plated Oscar statuettes is shedding dozens of workers, following financial struggles.

Chicago-based RS Owens & Co said that it would lay off 95 staff permanently on 17 December. It has been making the Oscar statuettes for about 30 years.

The firm, which has about 250 employees, notified the Illinois Department of Commerce of the lay-offs.

Last month, the company announced it was being acquired by St Regis Crystal Inc, of Indianapolis.

A news release on the sale said the company would continue to make Oscar statuettes in Chicago.

The 24-carat gold-plated Oscar figurine depicts a sword-wielding knight standing on a reel of film.

Costing about $18,000 (£11,000), each one is 13.5in (34cm) tall and weighs 8.5 lb (3.9kg).

The statuettes are presented to stars from the world of film at the Academy Awards, which take place annually in Los Angeles in February or March.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More US & Canada stories

RSS

Features & Analysis

Elsewhere on the BBC

  • BeesSweet medicine

    Why are sick bees being prescribed honey? BBC Earth investigates

Programmes

  • The smartphone that answers backClick Watch

    Smartphones get smarter – the prototypes that talk and say ouch when you drop them

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.