Felman lays off 100 in Mason County - Beckley, Bluefield & Lewisburg News, Weather, Sports

Felman lays off 100 in Mason County

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Felman Production LLC, which operates a ferrosilicomanganese plant near the Mason County town of New Haven, said this week it will lay off about 100 employees on Aug. 31, or about half its work force.

The company temporarily suspended operations on June 28 because of market conditions.

Low product prices and high manufacturing costs led to the layoffs, the company said in a statement. The company had laid off 38 employees in May.

Felman has been carefully monitoring market conditions since its shutdown and its decision to further reduce its workforce is a direct result of persisting low ferrosilicomanganese prices and high manufacturing costs. The company had laid off 38 employees in May. About 100 employees will remain employed at the plant following the latest layoffs. Felman will its slag processing operation at New Haven.

Felman said it is reviewing a number of options to ensure the company's long term-viability. The plant will continue to implement cost-control initiatives and conduct plant-wide maintenance in preparation to restart its furnaces once the market environment has improved, the statement said.

Company officials were not available for comment.

Felman was founded in 2006. It produces ferrosilicomanganese, a deoxidizer and alloy additive used in the manufacturing of steel. Its products are distributed to steelmakers across North and South America. Felman Production is a wholly owned subsidiary of Miami-based Georgian American Alloys.