ELKRIDGE, Md. (AP) — The Kane Company, an Elkridge-based commercial mover, is shutting down most of its operations and laying off at least 900 workers in Maryland and Virginia.
Owner John Kane announced Thursday that most divisions would cease operations Sunday.
Kane says the family-owned company found itself facing $2 million in lease costs it couldn’t pay involving a move into new warehouse space.
He says he tried to sell the company, which employs 1,000 people, including about 450 between locations in Elkridge and Lanham and about 450 in Virginia. The rest are scattered throughout the U.S.
The company’s shredding and archive storage divisions will remain open. The rest, including its hotel furniture installation and computer recycling divisions, are closing.
Kane says employees will be paid through Sunday and have health care coverage through December.
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Information from: The Baltimore Sun, http://www.baltimoresun.com
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