LUFKIN, TX (KTRE) - Following the announcement of 500 total layoffs between the sites at the foundry and Buck Creek, General Electric has announced 75 more layoffs Wednesday and a review of possibly closing the foundry in 2016.
"As a result of increasingly challenging market conditions, today we are announcing additional workforce reductions," said company spokeswoman Laura Bauer. "This was a difficult decision to make, but one that is necessary for the long-term health of the business."
Bauer also said the company will do an evaluation of methods to reduce costs in the supply chain operations, including casting, machining and fabrication.
"Over the coming weeks, we will be completing a full evaluation of these options and reviewing them with union representatives and our employees," Bauer said. "Once the evaluation is complete, we will make a final decision regarding the future of castings, machining and fabrication in Angelina Country. If the evaluation concludes that outsourcing is the optimal path forward, this would result in the high likelihood of closing the Foundry in 2016."