Almost 600 To Be Laid Off As Kent Aerospace Supplier Shuts Plant
The company saved more than US$237,000 in taxes...
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August 14, 2020 - by Dominic Gates for www.seattletimes.com
- The company saved more than $237,000 in taxes
Carlisle Interconnect Technologies (CIT) in Kent, which assembles wiring for airplane inflight entertainment and other cabin interior systems, plans to shut down its plant over the coming year and lay off its 595 workers.
"Aircraft build and retrofit are way down," said Scott Selbach, vice president and general counsel for the parent, Carlisle Companies. "Our business has gone away, frankly."
Selbach said the shutdown "should be complete by the end of 2021, if not sooner." He said employees will be given severance pay, though he declined to provide details.
Carlisle Companies had revenue of $4.8 billion and net profit of $473 million last year. But the CIT local subsidiary was hit ...
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