The day after Christmas, nearly 200 people will lose their jobs at Archer Creek Foundry in Virginia.

The foundry’s parent company, Intermet Corporation, filed for bankruptcy last year. In September a plan to sell the foundry to another operator failed, and the company is liquidating its assets.

The foundry notified the county and the state on Wednesday that it will lay off people on Dec. 26. “The entire Archer Creek Plant will be closed and the layoffs are expected to be permanent,”.