Home Must Reads ESCO prepares to shut down production line

ESCO prepares to shut down production line

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Must Reads
Tuesday, July 22, 2014

The Portland-based manufacturer will lay off as many as 70 workers this year when it shutters its aging production line.

Jon Owens, vice president and chief operating officer, said the company opted to shut down the line in part because it produced older parts and in part because weakening commodity prices translate into fewer orders for the wearable parts used to mine copper, iron ore, gold, coal and other significant mined commodities.

The decision affects about 20 full-time employees and about 50 temporary workers in Portland. It specifically applies to a line centered on molding and pouring and upper finishing for small parts. The shutdown will begin in November.

Read more at Portland Business Journal

 

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