Lufkin Industries announced Monday that 150 employees will no longer be working in the trailer division, as that division is being terminated.
Paul Perez, with Lufkin Industries, says the national economy is the reason for the termination. He says in 2007 the national economy deteriorated in housing and road construction and the forecast for this year wasn't any better. He says the ability to sell their product would be diminished.
Some of the 150 employees will have the opportunity to move to other divisions within the company, some in Lufkin, others in Houston, Alabama and West Texas. Others will lose their jobs. Perez says right now it is too early to tell how many will lose their jobs.
He says they will finish their orders they have, which he estimates will take about 60-days. He says seniority in the company will be an important factor in job availability. Perez assures that other divisions in the company are doing well.