Leggett & Platt (NYSE: LEG) is a pioneer in sleep technology. The public company is a diversified manufacturer that makes products for the home, office and even vehicles. Today, the company is made up of 17 business units, 130 facilities and 20,000 employee-partners. This week, the Missouri Department of Economic Development received a WARN notification from Leggett & Platt. In the notice, the company explained that it had announced plans to permanently close its Talbot operations in Neosho, Missouri.
The operations are located at 1211 West Harmony and 5725 Howard Bush Drive. Talbot manufactures welded and formed wire and tubing products mainly for the retail industry. The closure is a direct result of the company’s decision to exit a portion of the business that is no longer strategic to the company. It has also decided to consolidate a small part of the business into other Leggett operations. As a result of the closure, the company anticipates that 130 workers will be laid off.
The layoffs are scheduled to start around February 13, 2018 and to be completed by the end of April. 115 production and production support workers, six clerical and administrative workers and 9 management workers will be laid off. The full WARN notification can be accessed here.