3 northern NJ companies expected to lay off around 450

By the end of the month, 441 people could be jobless as three northern New Jersey companies have announced layoffs.The companies are President Container Group,

EDISON - By the end of the month, 441 people could be jobless as three northern New Jersey companies have announced layoffs.

The companies are President Container Group, of Moonachie, Cosmetic Essence in Teterboro and Wayne-based Toshiba America Consumer Products.

Presidential Containers, a corrugated box manufacturer, has been in business for 40 years in New Jersey, but plans to move to Orange, New York because of greater tax benefits.

The owner of Presidential Containers, Larry Grossbard, says that he wanted to stay in New Jersey but because of the high taxes, made the decision to move.

Some workers such as Tony Vandoulakis say they will move for the company, if asked.

advertisement | advertise on News 12

Trending Video

A person has barricaded his or herself inside 1 Suspect in custody after Elizabeth standoff; child unharmed
Arrest made in Paterson shooting involving rapper, city 2 Police investigate if rapper Fetty Wap involved in Paterson shooting
Red Cross assists two families displaced after fire 3 Two families displaced after fire in Neptune
Central Regional's Polina Dineva, holds six school records 4 Scholar Athlete: Polina Dineva
News 12 New Jersey - Weather On The 5 New Jersey Weather Forecast

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE