Officials at a Watertown-based cosmetic packaging company say it has shut down operations throughout the country and is considering bankruptcy.
Risdon International Inc. says it furloughed 65 people in its Watertown office and about 235 at locations elsewhere in the country.
The company’s director says they had to make the drastic move after its bank cut off its line of credit and swept its accounts last week, including its payroll funds.
Risdon makes cosmetics packaging products that include lipstick tubes, mascara vials and brushes, finishes for perfume bottles and other types of caps and closures. (AP)
