Skip to comments.Exide to idle operations in Laureldale, lay off 150
Posted on 11/08/2012 2:42:45 PM PST by 2ndDivisionVet
Exide Technologies announced Thursday that it will be idling its lead recycling operations in Laureldale and laying off 150 workers, effective no later than March 31.
Idling means that all of the permits and approvals will be kept to date and the plant will be maintained in case Exide wants to reopen it at a later date, according to Susan Jaramillo, spokeswoman for Exide.
The plant has been operating since the 1930s.
The company will continue to operate its plastics recycling business with about 24 employees.
"This decision was based on several factors including the dramatic swings in the lead market and the high capital investment needed, due to regulatory requirements, to remain operational in Reading," said Paul Hirt, president, Exide Americas. "By idling this facility, we can defer spending the capital while still having the majority of our internal lead demands met through our other three recycling centers in Vernon, Calif., Canon Hollow, Mo., and Muncie, Ind.
The Baraqqi Depression grinds on, no matter what the “official” statistics say.....
Hey, how about a shout out to the EPA!
More permanent Democrat Voters created!
All is good.
It’s amazing, two days after the elections and all these company’s are announcing layoffs. How could that happen??
In Southern Kalifornia, Rocketdyne is laying off a hundred employees -announced yesterday.
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