State labor officials are investigating an Illinois-based pharmaceutical company’s decision to abruptly close all of its operations, including its out-of-state locations, and to lay off hundreds of workers with almost no warning.
CEO Douglas Boothe told employees in a video that the company’s leaders decided on the move after failing to find a buyer for the company.
A spokesperson for the Illinois Department of Labor said Thursday that the agency is investigating the situation because Akorn didn’t file the required 60-day notice of mass layoffs or plant closures until Wednesday.
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