UPDATE: JT Packard insists layoffs unlikely - WKOW 27: Madison, WI Breaking News, Weather and Sports

UPDATE: JT Packard insists layoffs unlikely


VERONA (WKOW) -- JT Packard says a layoffs notice sent out Wednesday was simply a procedural measure, and employees do not need to worry about losing their jobs in January.

The Department of Workforce Development (DWD) announced Wednesday JT Packard and Associates, Inc. will liquidate their assets and shut down, putting 300 employees out of work. DWD says it simply forwarded a press release from JT Packard, which did not include anything about a possible deal with a new buyer.

On Thursday, Greg Charleston of JT Packard insisted the email was not meant to cause alarm, because Tsingsten Capital Partners has agreed to purchase the company in January and will keep all 300 of its current employees.

Online reporting by Jamie Hersch
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