Business & Tech
71 Woburn Industrial Workers To Lose Jobs: Report
A metal-production company says it will make the layoff because of an operational accident that occurred far from Massachusetts.
WOBURN, MA — Seventy-one workers in the city will lose jobs next month due to an industrial accident in South America.
Boston Metal, a “green” steel-making company headquartered on Sixth Road, will eliminate the Woburn jobs on March 14, according to a notice filed with the state Friday.
The layoff stems from an accident at the company’s Brazilian subsidiary, which forced Boston Metal to miss an operational milestone critical to a pending financial deal, the Boston Business Journal reported.
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The accident occurred Jan. 30. Boston Metal didn’t disclose details but said it resulted in “critical equipment failure” and a halt to operations, according to the BBJ.
Boston Metal produces steel and other metals through an electrochemical process the company says is more eco-friendly than other methods. It employs roughly 400 people, based in Woburn and Minas Gerais, Brazil.
Find out what's happening in Woburnfor free with the latest updates from Patch.
To read the Boston Business Journal story, click here.
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