AMTEC lays off 55 in Janesville
Business: AMTEC Corp., 4230 Capitol Circle, Janesville.
Employees being laid off: About 55
Employees remaining: About 236
Company description: Makes fuzes that are supplied to the U.S. military
JANESVILLE Specification changes and a slowdown in orders from the U.S. military will result in the layoff of about 55 workers at a Janesville manufacturer.
AMTEC Corp. is laying off the employees this week, said Randy Lansing, the company's president.
The company had employed nearly 300 people in the production of ammunition fuzes at its plant on Janesville's east side.
The layoffs involve about 30 temporary workers hired in the last six months, as well as about 25 regular AMTEC employees, Lansing said.
Lansing said the company had produced two types of fuzes for the U.S. Army and U.S. Marine Corps. The Marine Corp., however, has decided to use the same fuze as the Army, which means AMTEC can more efficiently fill its orders.
Orders for tactical rounds also are down for 2009, he said.
The company had been running three shifts almost every day. It will now rearrange its shifts to handle the decrease in production.
"We're downsizing our company for what's happening now and what we expect in the foreseeable future," Lansing said. "We think we're at the right size and will be so for some time.
"That doesn't mean we're not working on other things and looking for new opportunities."
AMTEC is owned by the Eau Claire-based National Presto Industries.
National has three business segments. The defense division manufactures medium caliber training and tactical ammunition, demolition devices, fuzes, and cartridge cases. The housewares division designs and sells small household appliances and pressure cookers. The absorbent products division makes private-label adult incontinence products and baby diapers.