JONESBORO, AR (KAIT) - As bleak national job numbers were released Thursday, the local economy took a hit: Hytrol Conveyor Company announced a layoff of 100 people in Jonesboro.
In a news release, Hytrol stated that the employees were notified Thursday morning and those affected will be alerted by their managers.
When explaining the cause of the layoffs, Hytrol President Gregg Goodner said, "This action was not preferred but was unavoidable in response to market conditions. With fewer customers buying conveyors and materials handling equipment we simply had too much capacity. We regret the impact on the affected individuals and their families, but must undertake actions necessary to preserve the position of our Company."
Hytrol cited numbers from the Conveyor Equipment Manufacturer's Association (CEMA) showing orders for Hytrol's primary product, conveyors, were down over 22%. Management says the "slump" began in August.
After Thursday's announcement, the Jonesboro Hytrol plant will employ 604 people.