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Liberty Steel Furloughs Amid Market Slowdown | Peoria News
Liberty Steel & Wire in Bartonville is implementing temporary furloughs for most of its wire division employees—around 300 total—as part of a strategic workforce adjustment to match slowing industrial fencing demand. Blaming unfair competition from imported products, the company aims to cut costs temporarily for two to three weeks while fulfilling existing orders, with hopes of bringing workers back as soon as market conditions rebound. Union jobs are affected, and while the move is painful, it’s framed as a necessary step to preserve long-term business health during a market dip. Listen in…
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