North Carolina’s layoff-free streak is over, as a global manufacturer has filed notice with the state that it’s laying off employees in Burlington. Three months after announcing it would be acquiring the remaining shares of Sapa, Norway’s Norsk Hydro is shutting down a Burlington conduit line. Hydro announced the $3.2 billion deal in July, and planned to transition the Sapa brand into a new business unit called Hydro Extruded Solutions. The deal closed earlier this month. And this week,…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/10/23/weeks-after-acquisition-norwegian-manufacturer.html?ana=RSS%26s=article_search
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