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Hytrol Conveyor Co. Cuts 80 Jobs in June.

Hytrol Conveyor Co. Inc. in Jonesboro laid off 80 employees in June because of a shrinking demand for its product.

Hytrol Conveyor, which makes conveyors, conveying systems and conveyor accessories, cut 60 employees on June 1 and 20 more on June 29, said company president Gregg Goodner.

The plant also closed for two days in May, and office employees will have two days off per month through September.

"The market conditions in our industry are down pretty substantially," Goodner said. "We had to respond to the market conditions by having to do some layoffs."

Both office and shop employees were laid off.

"We don't anticipate any more [layoffs]," Goodner said.

With about 850 employees, the company should be able to stay up with market demand, he said.

Goodner wouldn't say how much the layoffs would save the company. He also declined to say what the. company's annual sales were.

In 2000, Hytrol hired 100 employees to meet the surging demand.

"Unfortunately, that demand hasn't been there in 2001," he said.

Part of the drop in demand was blamed on the folding of several dot-com companies, Goodner said.

The company was founded in 1947 in Milwaukee and moved to Jonesboro in 1962.
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Comment:Hytrol Conveyor Co. Cuts 80 Jobs in June.
Author:Friedman, Mark
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 16, 2001
Words:201
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