Paris Precision LLC based in Paso Robles will lay off 130 employees in May and their plant will close confirms the company.
In business since 1962 the firm fabricates sheet metal for a wide range of industries. Paris Precision filed a state WARN notice this week indicating the layoffs are scheduled to be in place May 22.
While the company CEO was not available – the firm’s Human Resources Department confirms that “business has been slow” as the key reason for the closure.
Paris Precision’s customers span a wide range of industries—wherever fabricated sheet metal parts and assemblies are used in product manufacturing says their website, including Aerospace-Commercial and Defense, Medical-Devices and Instrumentation,Transportation-Rail, Light Rail, DoD Vehicles,Computer/Networking—Chassis, Faceplates and Machine tools.
The company has a sprawling 220,000 square foot facility at 1650 Ramada Drive in Paso Robles.
US-made manufactured goods have been in a slump as the pace of durable goods orders have suffered. Experts point to a strong dollar that makes our products more expensive overseas and allows foreign competitors a leg-up in the US.
CNBC recently reported that “Manufacturing, which accounts for 12 percent of the U.S. economy, has been hammered by the dollar’s strength, weak global demand and capital spending cuts by oilfield service firms like Schlumberger and Halliburton following a plunge in oil prices.”