Citing a global slowdown in demand, ABB laid off 113 of its employees at the South Boston small electrical transformers plant on Wednesday, idling nearly a quarter of the local workforce.
“Due to a global slowdown in transformer demand, the ABB Power Grids business is reducing the number of employees at its South Boston, Virginia location,” said Christopher Shigas, ABB director of external communications, United States, in a statement emailed late Wednesday. “Eligible employees will have access to severance benefits, job placement assistance, and may be able to relocate to other ABB locations.
Prior to the layoffs, the South Boston plant employed 467 workers.
Source: Sova Now