Thursday, September 10, 2009

Monahan Filaments To Close

They say not as many people want their products...

So Monahan Filaments officials say they'll close their Middlebury plant, leaving nearly 70 people out of work. Brian Crawford, vice president and general manager of Monahan told the Addison County Independent quote -- “We don’t have the business to support the facility,” The comapny bought the former Specialty Filaments business out of U.S. Bankruptcy Court in 2007. Now, Company officials cited “market conditions, and the cost of operations in Middlebury,” as the main reasons for the decision. Some 55 employees were let go in April and the last day of work for the last 70 employees is November 15th of this year.