Sylvester plant closes with little notice to employees
December 7, 2006
Sylvester - - A South Georgia manufacturing plant closed down and officials there only gave employee's a week's notice.
The Banks Corporation in Sylvester was recently bought out by one of its competitors, Universal Forest Products.
About 35 people lost their jobs as a result. The lumber manufacturing company opened in 2005 and county leaders say it was a profitable business but Banks' competition offered the company a take-over deal it couldn't refuse.
"The mobile home market has been in somewhat of a decline in recent months and across the country, Banks Lumber had a lot of plants, they were considered the number two competitor to Universal Forest Products and there just wasn't enough market share available for them to keep going," says Worth County Economic Development Authority Director Alex McCoy.
Universal Forest Products has plants in Moultrie and Ashburn.
Some of the displaced workers will transfer to those plants.
The Department Of Labor is helping the other displaced employees find jobs.