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Precision Castparts laying off 700-plus in Portland area

PORTLAND, Ore. (KTVZ) – Precision Castparts Corp., one of Oregon’s largest manufacturing firms, has notified the state it will lay off 717 workers at its two Portland-area facilities.

The company, which makes high-tech metal parts for the aerospace and medical industries, sent a letter detailing the layoffs  earlier this month that was made public on Friday, Willamette Week reported.

While the largest manufacturing layoff in the state’s database since the COVID-19 pandemic began, there are larger employers who have taken similar steps, the newspaper reported. The Oregon Clinic furloughed 820 workers in April, after the Tualatin Hills Park & Recreation District laid off 792 workers in March.

Precision Castparts attributed the layoffs to the impacts of COVID-19, which has crippled economies around the world and dealt a major blow to the commercial airline industry, a major end user of the metal parts Precision Castparts fabricates.

More than 486,000 Oregonians have lost their jobs since the pandemic began, according to the Oregon Employment Department.

Article Topic Follows: Business

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