Universal Veneer Mill Corporation has announced the lay-offs of 48 production employees as it dropped from three to two shifts at its Newark, Ohio, hardwood veneer facility, reports the Newark Advocate.
The lay-offs followed the sudden loss of a customer that accounted for 20% of local production.
Before the job cuts, the company employed 252 at the Tamarack Road plant and 30 at its sales office near Heath, also located in Licking County, Ohio.
Dieter Heren, ceo, stressed that the company, which also has operations in China, remained committed to its US business.