Saw-chain maker Blount International plans to shut down a Milwaukie factory and lay off 200, after second-quarter profits fell.
The Milwaukie manufacturer announced plans to consolidate two local factories into one on Wednesday, as part of its quarterly financial results. The company also disclosed an systems control problem that will force it to amend past financial statements.
Blount makes equipment geared for the gardening, forestry and agricultural industries under several brands, including Oregon, SpeeCo and Carlton. It employs 4,500 worldwide.
Read more at OregonLive.com.