By Sahid Fawaz

Workers in South Carolina received bad news today.

CNN Money reports:

"A South Carolina company plans to lay off almost all its workers — 126 people — because of the Trump administration's tariffs.

Element Electronics, which assembles televisions, notified the state of the expected job cuts earlier this week. The company also plans to close its plant in the town of Winnsboro.

The company said the layoffs and plant closure were a direct result of US tariffs on goods imported from China, including important parts that Element uses to put together TVs.

The layoffs will begin in October. By the end of the year, a skeleton crew of eight people will be left, the company said.

Element said on Twitter that it is working to have the parts removed from the tariff list, and hopes it can avoid closing the plant. In its notice, it also said it could reopen in three to six months."

For the rest of the story, visit CNN Money here.

Comments   

+3 #2 Marsha 2018-08-13 22:54
Did you miss the part where the company itself said it was because of the tariffs causing the layoffs because the parts now cost too much, you know, because they're on the list of things for the tariffs. Maybe you just didn't read that far down.
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-4 #1 ncrdbl1 2018-08-12 23:49
Scape goat time. EVERY other TV assembly plant in the US closed years ago. This plant just followed that pattern and people are attempting to use the tariffs as an excuse. The entire TV assembly industry shut down years ago except for one small company and they are just follow the rest of the industry.
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