Sections

Weather Forecast

Close
Advertisement

Company closure leaves many jobless

Email Sign up for Breaking News Alerts
News Jamestown,North Dakota 58401 http://www.jamestownsun.com/sites/all/themes/jamestownsun_theme/images/social_default_image.png
Jamestown Sun
Company closure leaves many jobless
Jamestown North Dakota 121 3rd St NW 58401

EVELETH, Minn. — St. Cloud-based Meyer Teleservices has gone out of business, leaving offices in Eveleth, St. Cloud and Little Falls closed.

Advertisement

The closure means 104 jobs were lost at the Eveleth facility alone, with 20 in St. Cloud and 74 in Little Falls.

Gary Owen, the company’s owner and chief financial officer, made the announcement to employees Tuesday.

Owen described the closure as a dissolution, saying the company was insolvent. He said Wednesday that “the company has filed with the secretary of state dissolution documents effective” March 31.

Workers were told there was no money for this week’s paycheck, and that no severance would be paid.

In addition to workers being out money, the Iron Range Resources and Rehabilitation Board is out about $250,000, the unpaid balance on two loans totaling $650,000. Sheryl Kochevar, IRRRB spokeswoman, said telecommunications equipment at the Eveleth office is collateral for the IRRRB loan.

The company was founded in St. Cloud in 1977. It opened the Little Falls office in 1999 and launched on the Range in 2007.

According to the company’s website, its primary function was telemarketing to raise money and group memberships, including for political causes and candidates.

Advertisement
Forum News Service
The Forum Communications News Service is the premier news wire service covering the Upper Midwest, stretching from the oilfields of western North Dakota to the plains of South Dakota and to the shores of eastern Minnesota. For more information about the services we offer or to discuss content subscriptions, please contact us.
Advertisement
Advertisement