This is all over the news today, employees know this already. The company wants to sell, they need to find a buyer. If not able to do so, Necco will lay off a bunch of people, probably in 100s. We have less than 1000 employees, so it's a big hit for us - many folks have been working here at Necco for decades.
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Necco Wafers, yuck. Sorry about the people though.
https://www.bostonmagazine.com/news/2018/03/13/necco-layoffs/
New England Confectionery Co. CEO Michael McGee said in a notice to local officials that the company is in need of a buyer as soon as possible, and if not, it may have to let as many as 395 people go. The layoffs could happen by May 6, he said. The candy-maker, now located in Revere, has been churning out colorful wafers and other treats since 1847. In addition to the controversially delicious Necco Wafer (this writer, for one, is an unapologetic fan), Necco is also responsible for Mary Jane, Sky Bar, Valentine’s Day staple Sweethearts, and other “fine candy.”