DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-92,144

MITSUI& CO. PRECIOUS METALS, INC.
A SUBSIDIARY OF MITSUI & CO., LTD
INCLUDING ON-SITE LEASED WORKERS FROM
THE MADISON-DAVIS GROUP, INC.
NEW YORK, NEW YORK

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on August 26, 2016 on behalf of workers of Mitsui& Co.
Precious Metals, Inc., a subsidiary of Mitsui & Co., LTD,
including on-site leased workers from The Madison-Davis Group,
Inc., New York, New York (subject firm). The subject worker
group is engaged in activities related to the supply of hedging
and liquidity services for the precious metals industry.
Operations at the 200 Park Avenue, New York, New York facility
permanently ceased on March 31, 2016.
During the course of the investigation, information was
collected from the workers' firm.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in the workers' firm have
become totally or partially separated, or are threatened to
become totally or partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has shifted to a foreign country a portion of the supply of
services like or directly competitive with the hedging and
liquidity services supplied by the subject workers, which
contributed importantly to worker group separations at the
subject firm.

Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of the subject firm, who
are engaged in activities related to the supply of hedging and
liquidity services for the previous metals industry, meet the
worker group certification criteria under Section 222(a) of the
Act, 19 U.S.C. § 2272(a). In accordance with Section 223 of the
Act, 19 U.S.C. § 2273, I make the following certification:
"All workers of Mitsui& Co. Precious Metals, Inc., a
subsidiary of Mitsui & Co., LTD., including on-site leased
workers from The Madison-Davis Group, Inc., New York, New
York, who became totally or partially separated from
employment on or after July 26, 2015 through two years from
the date of certification, and all workers in the group
threatened with total or partial separation from employment
on the date of certification through two years from the date
of certification, are eligible to apply for adjustment
assistance under Chapter 2 of Title II of the Trade Act of
1974, as amended."
Signed in Washington, D.C. this 2nd day of December 2016.
/s/Del Min Amy Chen
______________________________
DEL MIN AMY CHEN
Certifying Officer, Office of
Trade Adjustment Assistance