A large Marshalltown employer will lay off more than a hundred people—in the very city where the company began.
Lennox Industries will lay off 114 workers on Jan. 16, according to Iowa’s Worker Adjustment and Retraining Notification (WARN) Act website.
The company is Marshalltown’s third-largest employer, with 915 total employees. Many are unionized with the United Auto Workers (UAW) Local 893.
[inline-ad id=”2″]
Lennox, which makes heating, cooling, ventilation and refrigeration systems, was founded in Marshalltown in 1895 by Dave Lennox, who built the first riveted-steel furnace. In 1991, Lennox made Dallas, Texas its official corporate world headquarters, and became a publicly traded company in 1999.
In its last quarterly earnings report in October, the company reported revenue of $1.24 billion, a 17% increase over the previous year.
by Amie Rivers
1/4/23
[inline-ad id=”0″]
If you enjoy stories like these, make sure to sign up for Iowa Starting Line’s main newsletter and/or our working class-focused Worker’s Almanac newsletter.
Have a story idea for me? Email [email protected], or find me on Twitter, TikTok, Mastodon, Post, Instagram and Facebook.
Iowa Starting Line is part of an independent news network and focuses on how state and national decisions impact Iowans’ daily lives. We rely on your financial support to keep our stories free for all to read. Find ISL on TikTok, Instagram, Facebook and Twitter.
Politics
Biden marks Earth Day by announcing $7 billion in solar grants
The Biden administration on Monday announced the recipients of its Solar For All Program, a $7 billion climate program that aims to lower energy...
6 terrifying things that could happen if the Comstock Act is used to target abortion
Does 1873 sound like a really, really long time ago? Well, that’s because it is—but if Republicans and far-right anti-abortion activists have their...
Local News
No more Kum & Go? New owner Maverik of Utah retiring famous brand
Will Kum & Go have come and gone by next year? One new report claims that's the plan by the store's new owners. The Iowa-based convenience store...
Here’s a recap of the biggest headlines Iowa celebs made In 2023
For these famous Iowans, 2023 was a year of controversy, career highlights, and full-circle moments. Here’s how 2023 went for the following Iowans:...