|"As the United States economy has slowed, so has the commercial construction market, which is down as much as 50 percent from a few years ago across the U.S.," said Kathy Krafka Harkema, corporate public relations manager. "Most forecasts do not expect a rebound in the short term."|
Krafka Harkema said EFCO has taken steps over time to address the situation, such as cutting travel and costs, employees taking leaves without pay and shortened work weeks.
"Lay-offs continue to be the very last resort," Krafka Harkema said.
In light of the continued downturn, EFCO had a restructuring last week that impacted 42 team members who work in office settings.
"Everyone impacted will be offered another position or the option of a severance package," Krafka Harkema said. "EFCO regrets we have to take such measures. When we see a downtown as much as 50 percent, we've got to align our workforce with the market. The economy is still very volatile.
|"EFCO is taking measures to work with its team members," Krafka Harkema said. "We're trying to make the best of the current economy."||Privately held and professionally managed, EFCO manufactures architectural windows, curtain walls, storefronts and entry systems designed for commercial construction needs sold through independent sales representatives across the United States. EFCO has its two manufacturing plants in Monett.|