Trinity Industries prepares for closure

August 7, 2009 2:03:53 PM PDT
Trinity Marine Products will start the first in a series of layoffs next month as the company prepares for the eventual closure of the Madisonville barge-building yard. About 235 people work for the company, a division of Dallas-based Trinity Industries, which builds tank barges for the offshore petroleum industry. Because of the recession and lower oil prices, the yard has not received any new orders this year.

The company plans to complete eight barges already under construction.

The first round of layoffs will come next month, with 88 workers losing their jobs. Company officials say the yard could be closed as soon as December.

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