Lufkin Industries lays off 92

LUFKIN, TX (KTRE) - Lufkin Industries is laying off 92 employees today, according to Vice President Paul Perez.

All the layoffs are coming in the oilfield division. A worker who asked to remain anonymous said Lufkin Industries would be getting rid of the entire second shift.

Perez said the layoffs are made up of hourly and salaried employees. Seniority does play a role in the order the hourly employees are laid off. The employees are laid off in accordance with the labor agreement, Perez said.

"The Company, like everyone else in this country, eagerly anticipates the stabilization of our overall economy in order for businesses to operate efficiently and with more certainty for their employees," Perez said in an e-mail statement.

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