AUGUST 9, 2006 - Posted at 3:16 p.m. CDT, updated at 3:52 p.m. CDT, updated at 7:51 a.m. on 8/10/06
POCAHONTAS, AR - K8 News has learned that Pocahontas's largest employers is set to close in 2007.
Waterloo Industries Vice President for Human Resources Larry Carlstone confirmed Wednesday afternoon that the plant will close at the end of the third quarter next year. Plant employees were informed Wednesday morning, as well as Pocahontas Mayor Gary Crocker and Chamber of Commerce officials.
The plant manufactures tool boxes, and employs approximately 500 people. The company is expected to keep the plant at full production through the end of this year, and then begin a gradual phase-out of employees next year, with production expected to cease in late September of 2007.