It seems crazy that a business like this could be going under right before demand could kick in.
Based on Milwaukee's northwest side, the company makes rail cars for freight railroads and commuter rail systems.
"In the past few months, we have seen dramatic and unprecedented reductions and cancellations of orders by our customers in the freight locomotive, transit and transportation sectors of our business," the company's statement said. "Without substantial new orders, we cannot sustain the employees at the plant beyond the time frame outlined above."
Monday, December 1, 2008
Monday, This Is What We're Up Against
This never should have happened.