Xerium Technologies, a manufacturer of equipment used in paper production, said that it plans to cut 230 jobs company-wide by the end of March.
The layoffs announced by the Youngsville company, which come on top of the elimination of nearly 100 jobs last year, are part of a cost-cutting effort designed to boost cash flow and reduce debt despite the recession. Xerium employs about 3,700 people worldwide, including about 60 in Youngsville.
Thursday, February 5, 2009
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