AC-T: Kearfott lays off as many as 96 workers at Black Mountain plant

Here’s an excerpt from the Asheville Citizen-Times article:

A local maker of navigation systems for drones and other military equipment laid off as many as 96 people, former employees said.

Kearfott, which employed 428 people making high-tech parts for unmanned aircraft, satellites and other military and civilian systems, let the workers go last week, employees said.

The company is the third-largest employer in Black Mountain after Ingles and Black Mountain Neuro-Medical Treatment Center, according to town finance department records. …

The downsizing comes during a wave of government austerity measures that includes the military, said Richard Aboulafia, vice president of analysis at Teal Group. …

“It’s hardly surprising,” Aboulafia, who is familiar with Kearfott, said. “The government budget has taken a hit.”


SHARE

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.