Central Wire layoffs 22 employees

Twenty-two employees at Central Wire have been laid off, The Perth Courier has learned.

The layoffs took place on Nov. 30 as a result of the company selling its Welding Wire Division to Lincoln Electric Co. in Cleveland, Ohio. This is according to a statement from Paul From, president and chief executive officer of Central Wire Industries.

The company has six other manufacturing plants in North America, but the Perth plant was the only one affected by the sale, From stated. The layoffs took place in all departments.

From also stated further layoffs were not expected.

“Central Wire was and remains in sound financial shape and there is no expectation of any further terminations at this time,” From said in the statement.

The company, which has been operating in Perth since 1955, now has 81 employees.

Source: Your Ottawa Region