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.
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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
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