The Excelsior Packaging Group in Yonkers has informed state officials that it will lay off 112 workers by February 5.
The company at 159 Alexander St. said the layoffs are due to a plant closing and economic conditions.
Excelsior Packaging is owned by Ron Shemesh, who has big plans for the Yonkers waterfront.
Shemesh’s company Glenwood POH wants to preserve and redevelop the Glenwood Power Station, a derelict property at 45 Water Grant St.
The $200 million plan also calls for building a two-story, 870-space parking garage in the hillside of an adjacent park. The project, slated to open in 2016, is estimated to create 1,800 construction jobs and 955 permanent ones.
The Glenwood Power Station sits north of the Excelsior Packaging Group and the redevelopment of both properties fit into the Alexander Street redevelopment plan adopted by the city in 2008 to transform a 153-acre strip of industrial land from the new apartment buildings near the Yonkers Pier to the JFK Marina.
The workers at the plant are represented by the Consolidated Commercial Workers of America, Local 528, according to the company’s filing on November 12.