Green Touch Builders | Oil's plunge leads Kansas tank maker to cut 40% of work force
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March 30, 2015 By SEO Admin

Oil's plunge leads Kansas tank maker to cut 40% of work force

Weak demand, a result of low oil prices, is prompting a pressurized tank manufacturing company in Garden City to cut 80 jobs.

The Hutchinson News reports Palmer Manufacturing and Tank is reducing its work force by about 40 percent. The company is a subsidiary of Ohio-based Worthington Industries, which is eliminating 245 jobs nationwide, plus shutting down a 310-employee plant in Florence, S.C.

Palmer was acquired by Worthington (NYSE: WOR) in April of 2013. It makes steel and fiberglass tanks…