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

Felman lays off 100 in Mason County

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • Mercer County Schools hold a meeting regarding this coming years levy rate

    Mercer County Schools hold a meeting regarding this coming years levy rate

    Tuesday, April 15 2014 11:41 PM EDT2014-04-16 03:41:37 GMT
    The Mercer County Board of Education held a meeting on Tuesday regarding the 2014 and 15 school year levy rate. The levy is the funding system for all schools in West Virginia. The rates proposed are
     
    The Mercer County Board of Education held a meeting on Tuesday regarding the 2014 and 15 school year levy rate.



     
  • Would stiffer penalties for DUI's save more lives?

    Would stiffer penalties for DUI's save more lives?

    Tuesday, April 15 2014 7:04 PM EDT2014-04-15 23:04:54 GMT
    Driving under the influence in Mercer County. Authorities told us they're seeing it far too often lately. People we've been talking to say they believe stiffer penalties for DUI's could save lives. On
    Driving under the influence in Mercer County. Authorities told us they're seeing it far too often lately.
  • Skeletal remains found Wyoming County

    Skeletal remains found Wyoming County

    Tuesday, April 15 2014 7:04 PM EDT2014-04-15 23:04:35 GMT
    On April 10th a search warrant was executed on the property of Oscar Combs Senior on the Bud Mountain area of Wyoming County. State police found skeletal remains of an unidentified human on the backside
    State Police found skeletal remains on a man's property in Wyoming County.

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.