A third of the companies in the Albany, N.Y., region expect to hire during the third quarter, according to the latest Manpower Inc. survey.
By Richard Craver Journal Reporter
Published: June 9, 2008
Thomas Built Buses said today that it will eliminate 190 jobs as its manufacturing plant in High Point as part of handling a slowdown in demand.
"The continued market conditions have resulted in a prolonged and widespread economic downturn, affecting our customers' purchase plans," the company said in a statement.
The job cuts will come swiftly, the company said.
The company will cut 85 jobs by Friday. The remaining jobs will be eliminated by the end of the month, "in accordance with seniority language in their labor contract," the company said.
The company did not specify how many full-time and part-time jobs were being cut.
According to the High Point Economic Development Corp., the company had 1,586 full-time jobs and an unspecified number of part-time jobs as of December. It is the fourth largest employer in High Point and the second largest private employer behind Bank of America Corp.'s customer-service center.
The announcement of the job cuts was surprising given that Thomas Built recently completed a $10.3 million renovation of its plant on Courtesy Road in High Point.
That renovation followed the debut in June 2004 of a $39.7 million assembly plant where its Saf-T-Lines C2 school buses are built. A plant that John O'Leary, the president and chief executive of Thomas Built, called at the time "the most modern commercial-vehicle manufacturing plant in North America."
"The company didn't give a notice of any kind that this kind of action was necessary or forthcoming," said Loren Hill, the president of the High Point Economic Development Corp.
Published: June 9, 2008
Thomas Built Buses said today that it will eliminate 190 jobs as its manufacturing plant in High Point as part of handling a slowdown in demand.
"The continued market conditions have resulted in a prolonged and widespread economic downturn, affecting our customers' purchase plans," the company said in a statement.
The job cuts will come swiftly, the company said.
The company will cut 85 jobs by Friday. The remaining jobs will be eliminated by the end of the month, "in accordance with seniority language in their labor contract," the company said.
The company did not specify how many full-time and part-time jobs were being cut.
According to the High Point Economic Development Corp., the company had 1,586 full-time jobs and an unspecified number of part-time jobs as of December. It is the fourth largest employer in High Point and the second largest private employer behind Bank of America Corp.'s customer-service center.
The announcement of the job cuts was surprising given that Thomas Built recently completed a $10.3 million renovation of its plant on Courtesy Road in High Point.
That renovation followed the debut in June 2004 of a $39.7 million assembly plant where its Saf-T-Lines C2 school buses are built. A plant that John O'Leary, the president and chief executive of Thomas Built, called at the time "the most modern commercial-vehicle manufacturing plant in North America."
"The company didn't give a notice of any kind that this kind of action was necessary or forthcoming," said Loren Hill, the president of the High Point Economic Development Corp.
Labels: layoffs, Thomas Built Bises
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