Cinch Connectors is shuttering its Vinita manufacturing plant and relocating operations to a Texas town near its Mexican factory. The plant, which is one of Vinita’s largest employers, will go dark by the end of the year. Layoffs of about 180 workers will start in the next few months, The Oklahoman reports: “We are sad [...]
Hostess wants unions to accept reduced pension benefits and changes to work rules. If the Teamsters and the bakers’ unions don’t accept the final offer, the company will ask a bankruptcy court to compel cost-cutting measures. The Texas-based company makes Twinkies, Ding Dongs and Wonder. One of the company’s 36 regional bakeries is in Tulsa.
The price of natural gas futures hit a new 10-year low on Monday, and layoffs might be on the horizon for small producers. The low prices have forced larger energy companies to shift to oil production. Many smaller natural gas producers in Oklahoma don’t have this option, reports The Oklahoman’s Adam Wilmoth. “They’re going to [...]
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