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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- UMMC reaching out after death of high school football player
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- Report: Mississippi has worst child poverty rate in U.S.
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders