WireCo Announces Layoffs in St. Joseph
ST. JOSEPH - The WireCo World Group has laid off 21 employees, about a month after instituting a 32-hour work week for all employees at its St. Joseph plant.
WireCo, formerly known as Wire Rope, cited the poor economy as the reason for the changes.
Company executive David Hornaday says the company has experienced a slowdown in some markets, which resulted in inventory imbalances. He says similar staff changes have been made at WireCo's other domestic and international plants.
Jeff Jacobs, president of the plant's United Steel Workers union, said all employees are on a 32-hour schedule in a work-share program through the state. The St. Joseph News-Press reports the program allows each employee to file for unemployment compensation for one day each week.
The union represents 106 workers at WireCo.
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