The new parent company of Met-Rx USA Nutrition Inc. will dismiss more than half of the Irvine nutritional supplement maker's 140 employees and move most of the remainder to Florida, Met-Rx executives said Monday.
Rexall Sundown Inc., which bought Met-Rx last month for $78 million and agreed to repay $30 million of its debt, plans to fire as many as 80 employees starting in April, Met-Rx Chief Operating Officer Darrell Askey said.
Of the remainder, about a dozen employees will remain in Orange County. The rest will be offered posts at Rexall's Boca Raton headquarters, Askey said.
The moves contradicted statements made just after Rexall's purchase, when Met-Rx's chief executive, Len Moskovits, said there were no immediate plans to eliminate any Orange County jobs. Moskovits resigned Monday, saying his decision was unrelated to Rexall's plans.