KOA Lays Off 28 People
More bad economic news for Bradford.
KOA Speer Electronics has laid off 28 people.
Chief Financial Officer Lance Eastman tells WESB and The HERO that the layoffs are due to the current economic conditions, especially within the auto industry on which KOA heavily relies.
Eastman says they hope to call everyone back when economic conditions improve but, for now, they told employees "they know as much as we do."
KOA offered a voluntary layoff in December, expecting that business would pick up in January. Eastman says all of those people were called back before today's layoff.
KOA Speer Electronics has laid off 28 people.
Chief Financial Officer Lance Eastman tells WESB and The HERO that the layoffs are due to the current economic conditions, especially within the auto industry on which KOA heavily relies.
Eastman says they hope to call everyone back when economic conditions improve but, for now, they told employees "they know as much as we do."
KOA offered a voluntary layoff in December, expecting that business would pick up in January. Eastman says all of those people were called back before today's layoff.
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