Magnox Pulaski Inc. is laying off 18 workers because of a slump in the Asian and Russian economies, company officials said Thursday.
Thirteen hourly workers and five salaried workers were notified Thursday morning, according to Magnox attorney Deborah Dobbins. The company hasn’t determined if the layoffs will be permanent or temporary.
“We have no way of knowing at this time,” Dobbins said. “It depends on what happens in the market and the economy.”
The Pulaski company, which now has 99 workers, makes magnetic oxides for use in the production of video, audio and computer tapes. It exports about 60 percent of its product.