Employment News
Columbus McKinnon Closes Plants, Lays Off 10%
By Erik Even | Dated: 05-20-2009
Industrial manufacturer Columbus McKinnon will close down two factories and reduce capacity at a third, resulting in the layoffs of 10% of its workforce.Last quarter, the firm reduced operating headcount by more than 20%; instituted executive pay cuts; and suspended its 401(k) matching plan.
Based in Amherst, New York, Columbus McKinnon manufactures hoists, trolley and jib cranes, clamps, rigging, chain, and associated parts.
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