Company Moving Arkansas Work To China
By: Import User
Updated: January 7, 2009
A company that makes precision magnetic
materials at a plant in western Arkansas says it will move the work
to China by June, bringing an anticipated 160 layoffs.
Magnetics, a division of Pittsburgh-based Spang and Company,
opened its plant at Booneville in 1984. Its precision materials are
used by the electronics industry in communications equipment and
for switching power supplies.
City officials say the facility will likely keep some workers
on, but not at the current scale. Booneville is close to Fort Smith
and officials say many workers may be able to find work there if
they can`t work in Booneville.
