Local manufacturer files for bankruptcy, former employees claim they’ve been terminated
The manufacturing company Injection Technologies Inc. has filed for bankruptcy and insolvency and a number of former Kitchener employees tell CTV News they have been terminated.
Injection Technologies is based out of Windsor but their Kitchener facility, located on Ardelt Place, goes by the name Inject Tech Plastics. Their website states in 2018, IT Group added Inject Tech Plastics and then acquired the company Moldco, which focuses on custom molding, in 2020.
According to documents obtained by CTV News, Injection Technologies Inc., has filed for bankruptcy and insolvency and their receiver is Deloitte.
According to those documents, one of which is dated May 17, 2023, Injection Technologies, Inject Tech Plastics and Moldco are distinct legal entities but they operate as a single entity in several ways. For example, Injection Technologies is the named tenant on the lease for the Kitchener facility.
The document notes that the operation in Kitchener is not currently profitable and a receivership will allow for both locations to be marketed as standalone entities.
The sign outside of Inject Tech Plastics in Kitchener, seen on May 29, 2023. (CTV News/Heather Senoran)
The document states that there are about 160 employees between both Windsor and Kitchener. It is unclear exactly how many people were terminated in either location. CTV News heard from numerous people who claimed they were given a termination letter after an emergency meeting on Friday.
CTV News received a copy of the termination letter from Deloitte, dated May 26, that states that the termination is following the receivership of Injection Technologies Inc. and Moldco.
They said the doors were locked after the meeting. On Monday, the doors to the Kitchener facility were still locked.
We reached out to Injection Technologies, Inject Tech Plastics and Moldco. We were told that Deloitte is the only one who can comment. We reached out to Deloitte who said they have no comment at this time.
CTVNews.ca Top Stories
BREAKING King Charles' cancer treatment progressing well, says Buckingham Palace
King Charles III’s doctors are 'sufficiently pleased' with his cancer treatment and he is expected to return to public-facing duties, Buckingham Palace announced on Friday.
BREAKING Orca calf that was trapped in B.C. lagoon for weeks swims free
An orca whale calf that has been stranded in a B.C. lagoon for weeks after her pregnant mother died swam out on her own early Friday morning.
'Unacceptable': Trudeau reacts after AFN chief says headdress taken from plane cabin
After the Assembly of First Nations' national chief said her headdress was taken from an airplane cabin this week, Prime Minister Justin Trudeau called the incident 'unacceptable' and a 'mistake' on the part of Air Canada.
DEVELOPING Bird flu outbreaks: WHO weighs in on public health risk
The current overall public health risk posed by the H5N1 bird flu virus is low, the World Health Organization said on Friday, but urged countries to stay alert for cases of animal-to-human transmission.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
Regina police officer injured after being accidentally shot by fellow officer's gun
An investigation is underway after a Regina police officer was accidentally shot by a fellow officer’s gun during the search of a house early Friday morning.
From faulty kids' cribs to flammable kids' bathrobes, here are the recalls of the week
Health Canada issued recalls for various items this week, including kids’ bathrobes, cribs and henna cones.
Taylor Swift dons Montreal designer's dress in 'Fortnight' video
A pair of Montreal designers' work has now been viewed over 41 million times. Taylor Swift dons a Victorian throwback black gown in her latest music video, 'Fortnight', designed by UNTTLD due Simon Belanger and Jose Manuel Saint-Jacques.
Island near Mull of Kintyre for sale for US$3.1 million
An idyllic 453-acre private island is up for sale off the west coast of Scotland and it comes with sandy beaches, puffins galore, seven houses, a pub, a helipad and a flock of black-faced sheep.