Astec's Kolberg in South Dakota has had a layoff of Apx 10% of it's workforce.
Layoffs and shutdowns in 2020
Low sales and Barry's desire to boost share price is leading to a lot of consolidation and layoffs this year. CEI was shutdown last fall, and I think KPI is next. Heatec gave a nice party to early retirees in June, and then the following week... — read more
More VP’s
More VP’s under other VPs. How top heavy can we make this place? So crazy. We can’t get enough people hired on to run our projects effectively or efficiently but we keep adding all of these VPs.
No layoffs, Astec is going through an expansion right now
But you never know, I hope 2019 will turn out to be a great year without any issues and with no layoffs. I wish you all the best. Hang in there!