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Precision Fabrics cuts 30 jobs at Vinton plant
Updated: Sunday, 17 Mar 2013, 12:05 PM EDT
Published : Sunday, 17 Mar 2013, 12:05 PM EDT
VINTON, Va. (AP) — Thirty jobs at Precision Fabrics Group Inc.'s plant in Vinton are being eliminated.
Plant manager Mike Maust tells media outlets that the cuts are due to a decline in demand for the company's military products.
Maust says the company's military business has experienced double-digit percentage losses for five consecutive quarters.
He says the company is disappointed but it considers the decline a temporary setback.
About 200 people are employed at the Vinton plant.
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