Byron printer lays off 45
Another round of layoffs in area, though this company does acknowledge cutting the jobs and the impact it has on employees.
Schmidt Printing in Byron announced Thursday that it is cutting 45 jobs in response to market pressures.
"We sincerely regret that this action carries a personal cost for a large number of our employees, many with long service to the company. We will do our best to assist them during this transition" said Schmidt President Craig Monson in a prepared statement.
Schmidt is a web-offset printer owned by North Mankato-based Taylor Corp., a large conglomerate with many printing businesses. Owner Glen Taylor is also the lead owner of the Minnesota Timberwolves professional NBA basketball team.
Monson declined to answer any questions beyond the prepared statement, so it is not known how many employees remain at Schmidt's facility in Byron.
In 2009, Schmidt officials said the company had more than 350 on staff. In March of that year, Schmidt laid off 35 employees. That layoff followed a $5 million equipment investment.