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Thursday, December 16, 2010
Houston Manufacturing Jobs Moving
One company's move to a nearby suburb will result in the loss of several Houston manufacturing jobs.
Insteel Industries Inc. recently announced that it will consolidate the company's manufacturing facilities in Texas and move those operations to a plant in Dayton, which is about 50 miles from Houston. That move will result in the loss of about 67 Houston jobs, while Dayton will gain about 19 workers.
The announcement came after Insteel purchased Houston-based MMI Product Inc.'s Ivy Steel & Wire Inc. The Houston facility will close up shop at the end of February 2011 and the company's manufacturing equipment will then be shipped to the Dayton location.
According to the Houston Business Journal, Insteel is a North Carolina-based company that produces steel wires. The company's move to nearby Dayton was somewhat expected after it acquired the local manufacturing business.
"Considering the ongoing weakness in our markets and reduced utilization levels at both Texas facilities, we believe these actions are essential to reducing our operating costs and strengthening our competitive position," H.O. Woltz III, president and chief executive officer of Insteel, said in a statement. "We do not take the decision to close a facility lightly and are committed to making the transition as smooth as possible for the employees who are impacted."
The move should have a minimal impact on the Houston area's manufacturing industry, which in recent months has begun recovering from the economic recession, as has the local economy as a whole.
The manufacturing industry employed 221,800 workers during October, which is up from 221,400 workers during September and a 1.2 percent increase from last year, according to the U.S. Bureau of Labor Statistics.
The Houston-Sugar Land-Baytown area's unemployment rate remained at 8.2 percent for the second consecutive month during October, which was well below the national average at the time of 9.6 percent.
A total of 2,525,800 people were employed in the Houston area that month, which is up from 2,516,300 workers during September and a .2 percent increase from last year.
Insteel Industries Inc. recently announced that it will consolidate the company's manufacturing facilities in Texas and move those operations to a plant in Dayton, which is about 50 miles from Houston. That move will result in the loss of about 67 Houston jobs, while Dayton will gain about 19 workers.
The announcement came after Insteel purchased Houston-based MMI Product Inc.'s Ivy Steel & Wire Inc. The Houston facility will close up shop at the end of February 2011 and the company's manufacturing equipment will then be shipped to the Dayton location.
According to the Houston Business Journal, Insteel is a North Carolina-based company that produces steel wires. The company's move to nearby Dayton was somewhat expected after it acquired the local manufacturing business.
"Considering the ongoing weakness in our markets and reduced utilization levels at both Texas facilities, we believe these actions are essential to reducing our operating costs and strengthening our competitive position," H.O. Woltz III, president and chief executive officer of Insteel, said in a statement. "We do not take the decision to close a facility lightly and are committed to making the transition as smooth as possible for the employees who are impacted."
The move should have a minimal impact on the Houston area's manufacturing industry, which in recent months has begun recovering from the economic recession, as has the local economy as a whole.
The manufacturing industry employed 221,800 workers during October, which is up from 221,400 workers during September and a 1.2 percent increase from last year, according to the U.S. Bureau of Labor Statistics.
The Houston-Sugar Land-Baytown area's unemployment rate remained at 8.2 percent for the second consecutive month during October, which was well below the national average at the time of 9.6 percent.
A total of 2,525,800 people were employed in the Houston area that month, which is up from 2,516,300 workers during September and a .2 percent increase from last year.
Labels: Houston manufacturing jobs
posted by Jen Carpenter # 1:17 PM 
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