LaBounty to lay off more than 30 employeesStanley/LaBounty in Two Harbors has laid off 31 employees as a reaction to a lack of market demand.
By: Matt Suoja, Lake County News Chronicle
Stanley/LaBounty in Two Harbors has laid off 31 employees as a reaction to a lack of market demand.
Tim Perra, communications director for Stanley Works, said the company was planning on announcing the lay offs today.
Employees from all three shifts will be affected.
Seventy-nine employees will still be on-site for the company.
Even though the employees are being laid off, there is still hope for them. They will have recall rights for up to one year.
According to Stanley Hydraulic's Web site, they are the world's largest handheld hydraulic tool manufacturer and world-wide market leader offering over 150 handheld hydraulic tools and over 30 mounted impact tools.