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<blockquote data-quote="texan" data-source="post: 1052873" data-attributes="member: 38206"><p><span style="font-size: 9px">[h=1]<span style="font-size: 10px"><span style="font-family: 'Arial'"><span style="color: #2b3847">Exide to lay off 150 workers</span></span></span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px"><span style="font-family: 'Arial'"><span style="color: #2b3847"></span></span></span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px"><span style="font-family: 'Arial'"><span style="color: #2b3847"></span></span>Exide Technologies announced Thursday that it will be idling its lead-recycling operations in Laureldale and</span></span></p><p> <span style="font-size: 9px"><span style="font-size: 10px">laying off 150 workers, effective no later than March 31.</span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px"></span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px">Idling means that all of the permits and approvals will be kept up to date and the plant will be maintained in </span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px">case Exide wants to reopen it later, said Susan Jaramillo, spokeswoman for Exide.</span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px"></span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px">The plant has been operating since the 1930s, Exide said.</span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px"></span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px">The company will continue to operate its plastics-recycling business with about 25 employees.</span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px"></span></span></p><p><span style="font-size: 9px"><span style="font-size: 10px">"This decision was based on several factors, including the dramatic swings in the lead market and the high capital</span></span></p><p> <span style="font-size: 9px"><span style="font-size: 10px">investment needed, due to regulatory requirements, to remain operational in Reading (Laureldale)," said</span></span></p><p> <span style="font-size: 9px"><span style="font-size: 10px">Paul Hirt, president of Exide Americas. "By idling this facility, we can defer spending the capital while</span></span></p><p> <span style="font-size: 9px"><span style="font-size: 10px">still having the majority of our internal lead demands met through our other three recycling centers</span></span></p><p> <span style="font-size: 9px"><span style="font-size: 10px">in Vernon, Calif.; Canon Hollow, Mo.; and Muncie, Ind."</span>[/h]</span></p><p><span style="font-size: 9px"></span></p><p><span style="font-size: 9px"></span><span style="font-size: 10px">[h=1][/h]</span>[h=1][/h]</p></blockquote><p></p>
[QUOTE="texan, post: 1052873, member: 38206"] [SIZE=1][h=1][SIZE=2][FONT=Arial][COLOR=#2b3847]Exide to lay off 150 workers [/COLOR][/FONT]Exide Technologies announced Thursday that it will be idling its lead-recycling operations in Laureldale and laying off 150 workers, effective no later than March 31. Idling means that all of the permits and approvals will be kept up to date and the plant will be maintained in case Exide wants to reopen it later, said Susan Jaramillo, spokeswoman for Exide. The plant has been operating since the 1930s, Exide said. The company will continue to operate its plastics-recycling business with about 25 employees. "This decision was based on several factors, including the dramatic swings in the lead market and the high capital investment needed, due to regulatory requirements, to remain operational in Reading (Laureldale)," said Paul Hirt, president of Exide Americas. "By idling this facility, we can defer spending the capital while still having the majority of our internal lead demands met through our other three recycling centers in Vernon, Calif.; Canon Hollow, Mo.; and Muncie, Ind."[/SIZE][/h] [/SIZE][SIZE=2][h=1][/h][/SIZE][h=1][/h] [/QUOTE]
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