National Railway Equipment Company in Paducah is laying off 65 of their 110 employees on January 31st. NRE General Counsel Hal Burgan said the large cut is due to many different factors, including low scrap metal prices and a dying coal industry.
Burgan said the company has a couple million dollars in outstanding bids, and if that if they land a good share of them they will be able to get those laid-off back to work.
He said that Paducah is “one of our key facilities and has some of our most talented people.” Burgan said the company will keep the information of those they lay-off on file, and intends to hire them back on if business picks up.
