Eaton Corp. to Lay Off 78 in Belmond
BELMOND (AP) - Layoffs are in store at Eaton Corp. in Belmond in northern Iowa.
Company officials have announced that 78 workers, or one-fifth of the company's work force, will be laid off because of a drop in demand.
The company, which makes engine machine valves, says the layoffs will take place at the end of January.
Jim Parks, communications manager for the Ohio-based company, says a decline in customer orders was the reason for the layoffs, adding that they are part of a company-wide reduction in labor.
Belmond City Manager Lee Ann Waltzing says the cutbacks at Eaton, one of the community's top three employers, are "a blow" to the city and its residents.