Garlock Sealing Technologies layoffs 14 employees

A bad economic outlook for the start of 2012 has prompted layoffs at Palmyra’s largest employer.

Garlock Sealing Technologies, on Division Street for more than 100 years, gave pink slips to 14 people.

“It’s really economic and to improve operational efficiency,” said Vice President of Human Resources Cindy Marushak last week. “We’re really seeing a downturn expected for 2012.”

That market indicator, she said, is the same across the entire industry. Garlock, a division of EnPro Industries in Charlotte, N.C., is a global leader in high-performance fluid sealing products for the world’s processing industries. These include chemicals and petrochemicals, refining, pulp and paper, power generation, semiconductor, primary metals, food and pharmaceuticals, mining and original equipment manufacturers, among others.

“We’re having a good year this year,” Marushak said. “But early market indicators are not so good. The industry is dialing it back because of the economy right now. We’re looking at it with a level of caution and conservatism and looking at the stock market at this time of the year.”

It’s not the first time the economy has impacted Garlock. In 2009, in order to remain competitive, the Palmyra company cut approximately 60 jobs — about 10 percent of its workforce across both salaried and union lines.

Source: MPN Now