F+W to cut 41 jobs
More layoffs in Iola
F+W Media will lay off 41 people at its facility located at 715 E. State St., Iola.
The layoffs are set to be completed on Feb. 26, according to the state Department of Workforce Development.
Twenty of the layoffs involve jobs that will be outsourced.
In October 1952, Chet Krause published the first issue of Numismatics News.
Over the next three decades, Krause Publications grew to more than 400 employees and published more than 40 hobby magazines and 750 reference and how-to books.
In 1988, Chet Krause converted the company to an Employee Stock Ownership plan and eventually vested the company’s stock to the employees.
In 2002, a group of employee-shareholders voted to sell Krause Publications to F+W Media for $120 million.
