By NANCY ALLEN
nallen@dailystandard.com
The Reynolds & Reynolds Co. in Celina soon will begin hiring
65 new employees as part of a strategic plan to strengthen the
company.
The new jobs are coming to Celina after Reynolds closes a plant
in Grand Prairie, Texas, and moves the work to Celina.
“We are offering everyone whose job was eliminated at
the Grand Prairie facility the opportunity to transfer to Celina,”
Reynolds spokesman Mark Feighry said this morning.
The new jobs in Celina will be a mix of blue and white collar
positions including press operators, collators and support personnel,
Feighry said.
The new Celina jobs are part of a plan that involves the immediate
loss of 200 jobs company-wide, which includes the 75 jobs lost
in Texas. The company also is purchasing two companies and plans
to add 400 jobs company-wide by this time next year.
The plan was put into action, effective immediately, late last
week by the Kettering-based company, Feighry said.
Half of the jobs that are being eliminated are in the company’s
documents business and sales. The other eliminations are largely
operational and information technology jobs, mostly in Kettering,
he said.
The two companies being purchased are Incadea AG, a privately-held
German company that makes sales computer software, and Third
Coast Media, a Texas Internet company.
Reynolds officials say the company will pay $7 million cash
for Incadea, which has more than 3,500 users in Europe, and
$8 million cash for Third Coast, which provides services in
Web solutions. No changes are planned at either company, a press
release said.
Reynolds also is changing its equity compensation program, doing
away with stock options in favor of restricted stock grants,
while allowing employees to retain previously awarded options.
The Celina Reynolds facility opened in 1948 and employs 399
people. The business includes two buildings, one that houses
offices and various presses, and a second building that includes
a warehouse and an area for continuous forms production. Both
are located along Murlin Avenue.
Feighry said the Celina plant will not need expanded to accommodate
the new employees. He said there was significant room following
the departure of the Relizon employees.
Relizon used to be part of the Reynolds & Reynolds Co. in
Celina. In June 2000, Reynolds sold its Informational Solutions
Group (ISG) division to the Washington, D.C.-based Carlyle Group,
which renamed that division The Relizon Co. Since the sale,
Relizon moved its 250 employees out of the Reynolds building
and to a new site in the former AGCO building in Coldwater.
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