CHARLOTTE – A company that makes architectural precast concrete for major construction projects plans to lay off 77 workers at its Oxford facility, according to a filing with the state Department of Commerce.
Gate Precast says it will lay off those workers by Feb. 9, 2024, and that further layoffs of less than 50 workers will occur after that, with the plant permanently closing on July 1, 2024.
None of the workers are represented by a union.
With the February layoffs, the cuts include 16 carpenters and nine labor pourers, as well as five production supervisors and five quality control technicians.
“We have made the difficult decision to close the Gate Precast Oxford facility permanently,” said Dean Gwin, president and chief operating officer of the Gate Construction Materials Group, in an email to Business North Carolina. “The closure comes as a result of many factors outside of our control including a slowdown in new office construction as a result of work-from-home options, high interest rates impeding construction loans and the slow down in multifamily housing construction.”
The Jacksonville, Florida-based company will continue to service the Carolinas out of other Gate Precast facilities, said Gwin. It has eight other plants, including one in Tennessee and another in Georgia.
For more details, read the full story at Business North Carolina.
