About 50 Smead employees in Hastings to lose their jobs
As of March 18, roughly 50 employees at Smead Manufacturing's Hastings location will be out of work. The layoffs are a direct result of high unemployment, which has adversely affected Smead's sales.
"It's no secret that unemployment remains exceedingly high," said Smead's vice president of marketing, Jim Riesterer.
Smead makes products to help people stay organized - items that often find primary use in businesses.