NEWS RELEASE
12:00pm April 15th,
2018
NATIONAL WIDGET COMPANY FINDS NEW HOPE IN
CHINESE MARKET
The National Widget Company announced today that 200 employees will
be rehired. After sales plummeted in
June 2017 when the Uzbekistan National Widget company flooded the market with
widgets, these employees were laid off. Company
president, Andrew Bryce, made the announcement from company headquarters in
Victoria this morning.
“We have sent recall notices
to all employees who were laid off in June. As a family-owned company, it was
heartbreaking to lay off so many loyal people so we are thrilled to be offering
employment to people we consider part of the family,” says Bryce. Of those rehired, 50 will be local employees
working at head office and the main plant in Victoria.
This news comes on the heels of a steady increase of widget sales
over the past few months. The NWC was able
to break into new markets, particularly China, as residential construction
companies will be installing widgets into every new building in China.
“The opening up of the Chinese
residential market represents opportunity and a secure market on which to
expand our capacity,” says Bryce.
Traditionally, widgets have
been used in the oil business which are primarily important in the Middle
Eastern market. Bryce says, “The increase
in sales has been unprecedented. We think this opportunity opens up enormous
markets which will last for years.”
Established in 1888, current
president Andrew Bryce is the great-grandson of the man who founded The National
Widget Company. It is the oldest widget manufacturer
in Canada, as well as one of the oldest family run businesses nationwide.
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For more
information, Contact Jenni Szajnzinger at (250)-888-5959
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