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