Home » NEWS » ThyssenKrupp trimming its payroll

ThyssenKrupp trimming its payroll

WALNUT — ThyssenKrupp Elevator will layoff 50 workers at its manufacturing plant in Walnut in Northeast Mississippi.

Officials tell The Daily Corinthian that the layoffs will take effect in early April. Workers were notified the week of March 8-12.

ThyssenKrupp officials say the current downturn in major construction and renovation projects has reduced demand for his company’s products and services.

They say the market for new elevator equipment is about one-third of what it was three years ago.

ThyssenKrupp Elevator is the largest producer of elevator equipment in North America. It employees almost 14,000 people with annual sales of about $2.8 billion.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*