UPDATE: 150 laid off at Terex in Waverly - KWWL - Eastern Iowa Breaking News, Weather, Closings

UPDATE: 150 laid off at Terex in Waverly


WAVERLY (KWWL) -- KWWL has learned Terex Manufacturing in Waverly is laying off about 150 workers, essentially ending its second shift.

The crane company declined to comment on the lay offs.  Employees told KWWL the layoffs totaled 150 workers, including about 25 managers and contact workers.  Employees said the company cited the declining economy for the job cuts.

Workers thought lay offs could be coming.  Earlier this month, they say the company cut second shift production in half.

Affected workers will get 5 days pay, as required under a union contract.

Friday, Terex issued this statement:

Due to a global softening in the mobile crane market, the Terex Cranes facility in Waverly has been forced to make the difficult decision to reduce our workforce in order to better align our resources with market demands and our current production levels.  Approximately 150 people are affected.  In recent years, the Waverly plant has been significantly reorganized to be a highly efficient, lean manufacturing operation. As a result, we will be well positioned to meet increasing demand for our cranes as the economic situation begins to improve.

Online Reporter:  Bob Waters

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