Madrigal shuts doors. . . . .

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Hantra

Madrigal shuts doors. . . . .
« on: 4 Jul 2003, 02:30 am »
This may be old news by now, but here it is anyway. . .

http://www.zwire.com/site/news.cfm?newsid=9053148&BRD=1645&PAG=461&dept_id=10856&rfi=6<br


Madrigal shuts doors
 
 
By JIM HICKEY , Middletown Press Staff  07/02/2003  
 
 
MIDDLETOWN -- Madrigal Audio Laboratories, a producer of high-end audio and video equipment that has been based in this city for several years, announced Tuesday that it will be going out of business.

A spokesman for Madrigal declined to comment on Tuesday, stating that there was nobody at the South Main Street offices who could handle media inquiries.

However, the city has received a letter indicating that the company will be shutting down for good on Aug. 30, according to Mayor Domenique Thornton.

A source close to Madrigal, who asked not to be identified, told The Press that employees showed up for work Tuesday morning as usual, and were told that they had been laid off.

They were then toldto collect their belongings and leave the building, according to the source.

Madrigal manufactures high-performance audio and video components under the brands: Audioaccess, Mark Levinson, Proceed, Madrigal, Imaging, and Revel.

The company is a subsidiary of Harman International Industries, a manufacturer of high-quality, high-fidelity audio and video products based our of Bedford, Mass.

According to the company’s Web site, Harman International was formed in 2002, and manufacturers products for the consumer and professional market. The company’s stock is traded on the New York stock exchange.

A public relations official for Harman declined to return a phone message on Tuesday.

A receptionist at Harman’s Bedford, Mass., office said that several of the company’s department heads "were in meetings" on Tuesday, and would not be able to comment on Madrigal closing.

Middlesex County Chamber of Commerce President Larry McHugh said the chamber been told earlier this week that Madrigal would be shutting down. He also said that he had heard employees had been laid off.

Although Madrigal or Harman were unable to confirm the total number of employees, McHugh estimated that the company employed around 100 workers.

"It’s a real blow. We’re not talking about a company that employees four or five people here. They employ a substantial number of residents from Middlesex County," McHugh said.

McHugh said he was surprised that officials for Madrigal or Harman hadn’t given more notice that the company would be closing down, especially since Madrigal is a member of the chamber.

"Usually we receive more notice when a company plans on shutting down or leaving. It allows us to work to lessen the blow on the employees, and the community," said McHugh.

The mayor said she had already contacted the state Department of Labor about establishing a crisis career center for laid-off employees to help them transition into new jobs.

The center will be established in conjunction with the Middlesex County Chamber of Commerce, and would be similar to the one established last year after the Old Saybrook manufacturing division of R.R. Donnelley & Sons Co. closed down and laid off about 500 employees.

A federal program established in 1998 called the Workforce Investment Act will also help unemployed workers find jobs. Through a program called the One Stop System, employees can have their skills and educational level assessed to help them find jobs.

Thornton said she planned on contacting U.S. representatives Rosa L. Delauro and John B. Larson about the availability of federal grants to help laid-off workers find jobs.

"We want to act as quickly possible to implement any programs that will help these people as they search for new jobs," said Thornton.

To contact Jim Hickey, call (860)347-3331 ext. 221 or email him at jhickey@middletownpress.com.
 
©The Middletown Press 2003

Mad DOg

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Madrigal shuts doors. . . . .
« Reply #1 on: 4 Jul 2003, 06:22 am »
hantra,

i think this is all a rumor...

http://www.enjoythemusic.com/news/

also it was only in April that Madrigal announced the consolidation of Mark Levinson and Proceed. If Madrigal were really to close it's doors, then what would become of ML?

Hantra

Madrigal shuts doors. . . . .
« Reply #2 on: 5 Jul 2003, 12:21 am »
Mad:

What part is a rumor?  That the company closed the doors to the Middlesex facility, or that hundreds of people lost their jobs with no warning?

This isn't a New York Times article here, so it probably has at least some truth. . .  ;-)

B

Mad DOg

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Madrigal shuts doors. . . . .
« Reply #3 on: 5 Jul 2003, 03:33 am »
http://www.audiorevolution.com/news/0703/02.madrigal.shtml

If I have read correctly, Harman has chosen to consolidate Madrigal and Lexicon. So while the Middleton facility will be closing, Madrigal won't be closing but rather relocating. As a result of the consolidation, yes, folks will be losing their jobs as you mentioned.

The way the article reads is misleading because it sounds like Madrigal will be no more which is not the case.

And Happy 4th, B! :)

Pez

Madrigal shuts doors. . . . .
« Reply #4 on: 5 Jul 2003, 05:18 pm »
Well whatever is happening it's obvious to me that over priced, underperforming gear is starting to suffer.  If they didn't make so much shitty, overpriced equipment they wouldn't be in this situation. So  :P to them.

Pez

Madrigal shuts doors. . . . .
« Reply #5 on: 5 Jul 2003, 05:27 pm »
BTW I do fee sorry for all those people who lost their jobs. That is the unfortunate result of mismanagement all to common these days.

Lex

Madrigal shuts doors. . . . .
« Reply #6 on: 6 Jul 2003, 03:55 am »
Maddog, I don't think that's entirely accurate.  Madrigal Audio is being phased out.  Harman is most likely absorbing the Levinson, and hopefully Revel brands into Harman direction, just as Lexicon already was. with Production moving to the Lexicon factory.

It's actually around 100 people loosing their jobs, not hundreds.

What's missing from that article is "perspective".  The perspective of the article is the town that is loosing jobs.  To them, they could care basically less about Levinson and Revel, it's Madrigal the company that matters to them, their family and friend's jobs.

It's a raw deal anyway you stack it for Madrigal employees, and the people at Harman should be ashamed.  No warning.  Monday you have a job, and Tuesday you don't.  The people deserved at least 60 days notice.

The precursor to this move was the decision to phase out Proceed and absorb what was good about Proceed directly into Levinson.  But apparently, the rabbit hole went much deeper.

BTW, Madrigal's web site is redirected to harmanspecialtygroup.  The new division that has all 3 brands.  They've eliminated a layer of management and a production facility and employees all in one full swoop.

and Pez, whatever Levinson gear is price wise, it's certainly not crap gear, IMO.

Lex

Mad DOg

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Madrigal shuts doors. . . . .
« Reply #7 on: 6 Jul 2003, 04:54 am »
Quote from: Lex
Maddog, I don't think that's entirely accurate.  Madrigal Audio is being phased out.  Harman is most likely absorbing the Levinson, and hopefully Revel brands into Harman direction, just as Lexicon already was. with Production moving to the Lexicon factory.

It's actually around 100 people loosing their jobs, not hundreds.

What's missing from that article is "perspective".  The perspective of the article is the town that is loosing jobs.  To them, they could care basically less about Levinson and Revel ...

Lex,

thanks for the clarification...

yes, the folks losing their jobs without warning sucks big time...that's the sad part about any story when operations are consolidated... :(