Bristol Compressors announced Tuesday it expects to lay off about 60 hourly workers, the second round of layoffs in less than two months.
Workers were notified Tuesday and the layoffs are to take effect by Friday, according to a company news release. The company cited depressed global oil prices and corresponding budget cuts by oil producing governments.
“We still anticipate this is a temporary softening in the Middle East market and indicators suggest it will return, but for now, our labor model must follow production demand,” company CEO Ed Gniewek said in the statement.
Two Washington County officials said Tuesday they were informed the company’s slumping international sales are to blame, which was the same reason given for the 120 layoffs in mid-May.
