CVG in Monona lays off 40 workers - KWWL - Eastern Iowa Breaking News, Weather, Closings

CVG in Monona lays off 40 workers

The CVG facility in Monona makes wire harnesses, panels and dashboards for commercial vehicles like semi-trailers and construction equipment. The CVG facility in Monona makes wire harnesses, panels and dashboards for commercial vehicles like semi-trailers and construction equipment.

MONONA (KWWL) - The Commercial Vehicle Group (CVG) announced Friday it will lay off more than three dozen workers at its facility in Monona.

Company spokesperson John Hyre confirmed to KWWL that approximately 40 workers will lose their jobs, but have not set an exact date for those layoffs.

The CVG facility in Monona makes wire harnesses, panels and dashboards for commercial vehicles like semi-trailers and construction equipment.

Hyre says the company has made furloughs and layoffs across all of its 30 facilities in 8 countries.  This week the company announced it is closing an entire plant in the state of Washington.  Hyre says top company officials and corporate staff have also taken a voluntary 10% pay cut in 2009.

Hyre tells KWWL its company saw a 40% decline in orders in 2007 and a similar percentage in 2008. 

"The heavy duty truck and construction vehicle markets which we serve have seen have seen severe production cuts and that has reduced the need for our products. It is regrettable the Company has to take these actions, but it is necessary to shape our workforce to meet customer needs, which have been negatively impacted by the depressed economy,"  Hyre said.

CVG says despite the layoffs, workers could be called back if market conditions improve, but could not speculate on when that might be.

Online Producer:  JJ Murray

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