Logistics supplier lays off 75
A global maker of logistics equipment and software has laid off 75 employees at its local operation.
Luxembourg-based Dematic announced its latest round of 37 layoffs on Friday.
The layoffs impact the plant at 507 Plymouth Ave. NE.
Dematic has more than 4,000 employees worldwide, according to its website.
Dematic declined to speak to the Business Journal about the layoffs and provided the following statement.
“Like many companies in the manufacturing industry, the Dematic workforce expands and contracts as a direct result of seasonable variability in our business. We will continue to monitor the seasonality effects on our business and will continue to align our workforce accordingly.”
AEA Investors LP and Teachers' Private Capital, the private investment division of the Ontario Teachers’ Pension Plan, acquired Dematic in 2012.