Manchester trailer company announces layoffs - KWWL - Eastern Iowa Breaking News, Weather, Closings

Manchester trailer company announces layoffs

Posted:

MANCHESTER (KWWL) - Workers at XL Specialized Trailers in Manchester learned of layoffs Monday morning. Chief Financial Officer Terry Sill says 59 employees were laid off, which is about 20 percent of the company's workforce. The cuts are coming from every department.

XL Specialized Trailers manufactures heavy haul trailers for the agriculture and construction industry. Sill says the layoffs are due to a slowdown of trailer orders. Sill remains optimistic market conditions will improve and does not anticipate more layoffs.

Online Producer: Jason Mortvedt

Powered by Frankly