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The cuts come a month after R.S Owens announced it was being purchased.

Oscar statue maker plans layoffs

CHICAGO – 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 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 a Canadian company. 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.

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