KOA Speer Looking at Layoffs

KOA Speer is offering its employees a voluntary layoff for the month of December because many of the company's customers will be going through shutdowns next month.

KOA CFO Lance Eastman says the company has received a number of notices from customers – primarily in the automotive industry – that they will be shutting down for part of December.

The number of people laid off will depend on how many volunteer, and is not expected to go into January.

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