The layoffs happened on Friday in the production department.
"We need more customers in, more shipments and then we will be able to produce again," said General Manager Paul Hamann.
Hamann said the mill has adequate inventory for the projects they have.
"You get to the point where you just have to stop. We're just getting our feet underneath us, taking a breath and letting the production side take a rest until we can sell that inventory," Hamann said.
R. S. Bacon Veneer has been one of Grundy Center's largest employers for more than 40-years.
Bob Becker has been a production worker for nearly 16-years.
"It was just a surprise," he said.
Becker said management made the employee cuts final on Friday afternoon.
"We were told the plant is closing and all positions are being terminated," he said.
Hamann said he hopes to bring back the employees when sales at the company pick up.
"It would have been nice to give us a week or two notice to get our ducks in a row instead of just pulling the plug on everybody," said Becker.
Hamann said it wasn't an easy decision to lay off nearly 50 employees.
"We're going to catch our breath, let the sales increase and generate some revenue," he said.
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