MPC Corp. closes its doors 

MPC Corp. will permanently shut operations in coming months and, effective immediately, layoff 147 employees in Nampa, the company told the state today.

Over the next few months, the company will provide its remaining 51 Nampa employees with varying dates of expected termination, MPC said in a letter provided to the Idaho Department of Labor under the federal Worker Adjustment and Retraining Notification Act. The PC manufacturer, a Micron Technology spinoff, said employees not discharged immediately are being retained for the sole purpose of assisting the company in carrying out liquidation.

“MPC has determined that the state of the credit markets and its current financial condition leaves it with no choice but to liquidate its assets,” the company said in the letter.

MPC told the state that efforts to reorganize under Chapter 11 have proven unsuccessful. The company said it was unable to provide 60 days’ notice for most of the terminations because the decision to cease all business operations and liquidate the company was not reached until just prior to notice.

Management had also determined that advance notice of a possible layoff would have precluded its ability to obtain financing to allow the company to avoid a shutdown. “Unfortunately, MPC was not able to secure the financing it was seeking,” the letter said.

The company also noted that between Dec. 4 and Dec. 12, a substantial portion of MPC’s sales force resigned without prior notice, which made it impossible to continue any viable business operations.

The company leases 340,000 square feet of space at 906 E. Karcher Road in Nampa.

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