Tuesday, June 18, 2013

Latest southern Colorado news, weather and sports from FOX21 News

130 idled at Alpena plant
Posted: 03.26.2009 at 10:24 AM
0

ALPENA (AP) -- Lafarge SA is laying off about 130 workers at its Alpena plant, but the world's leading cement-maker says it expects to recall them in about 45 days.

The French company blames the layoffs on market conditions and efforts to improve efficiency.

It issued a statement Wednesday saying it's "exploring means by which the company may provide additional assistance to help affected employees." The statement didn't give a layoff total, but The Alpena News puts the number at about 130.

Lafarge said last month it was selling billions of dollars in new shares and assets and cutting its dividend in half to manage debt it took on to expand.

The Paris-based company predicts the volume of its cement sales will fall up to 3 percent in 2009.

(Copyright ©2009 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Wildfires burn north of Colorado Springs
FOX21 Continuous News Desk  |  2 hours, 11 minutes ago  |  14 comments
Thumbnail
Continuing to give back, after losing her home
Sam Baranowski  |  Today at 8:00 AM  |  8 comments
Thumbnail
Rancher refuses to leave during Black Forest Fire mandatory evacuation
FOX21 Continuous News Desk  |  Today at 8:55 AM  |  1 comment
Follow FOX21
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Worship & Remembrance
Need a place to worship or need to give your loved one a proper burial? We have all the information to make it easy for you.
Auto
Car maintainance
Retail & Nonprofit
Coupons and advice from local retailers
Financial Services
Experts in financial planning
ADVERTISEMENT