NEW LOCAL: Channellock seeking 20 to 25 voluntary layoffs

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July 2, 2009

Anonymous The Meadville Tribune Thu Jul 02, 2009, 05:05 PM EDT

Voluntary layoffs are planned at Channellock Inc., the Meadville-based maker of pliers and hand tools, starting July 13.

Channellock has been on a four-day work week since Feb. 9 in an effort to avoid layoffs of its 405 employees because of backlog of inventory and slower demand for its products.

However, the company now is looking to have 20 to 25 of its employees take a voluntary layoff for up to three months because of inventory levels and demand still not picking up, according to company officials.

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