GROVE, Okla. —
Xtreme Power said this week it will lay off 63 people at its Grove plant as it scales back production. The company notified employees Wednesday and Thursday that the job loss is immediate.
Officials with the plant referred calls to Greg Vistica, company spokesman, in Washington, D.C. He said that a drop in demand for the company’s lead-acid batteries prompted the layoffs.
He also said about a dozen employees on a “skeleton” crew will continue to produce batteries on a limited basis.
The company produces batteries that store energy generated by wind and solar power systems, providing a steady source of electricity to the grid.
In a statement, Vistica also said, that “Xtreme Power continues to focus attention and resources on a broader range of battery and power management systems. While this means we will be far better positioned to serve our customers and the marketplace tomorrow, it also means for some painful changes today.”
He also said the company will provide severance and on-site employment counseling to people losing their jobs.
“While a painful moment for our company, it's a necessary transition to stay at the forefront of our industry,” according to the statement.
Vistica also said they are exploring interest from some potential buyers, but couldn’t comment beyond that.
“Customer demand for energy storage continues to migrate to applications that are best served with other battery chemistries. As such, XP has been aggressively responding to this shift in demand by partnering with leading battery producers, including GE with its Duration Battery, as well as several other battery manufacturers. We feel strongly that this diverse product offering and these new partnerships will position XP for continued growth in the energy storage market,” he said in a statement.
The company was founded in 2004 and is based in Kyle, Texas.
The Associated Press contributed to this report.
Peak employment
According to the Lisa Friden, president of the Grove Area Chamber of Commerce, the Xtreme Power plant opened in 2008 and employed 108 people at its peak.
Business
Grove battery plant to lay off 63 workers
- Business
-
-
Waiting for word from Bernanke, stocks move higher
It’s all about the Fed. Still.
-
Missouri moves to lift ban on foreign farm owners
Weeks before a Chinese conglomerate agreed to buy Smithfield Foods Inc. in the largest such takeover of a U.S. business, Missouri lawmakers quietly approved legislation removing a ban on foreign ownership of agricultural land.
-
NSA director says plot against Wall Street foiled
The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence — a set-piece for supporters of the spying.
-
Chrysler expected to formally refuse Jeep recall
In one of the biggest-ever showdowns between an automaker and the government, Chrysler on Tuesday is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.
-
Woman admits role in prearranged funeral fraud
A St. Louis County woman has admitted to a role in a pre-arranged funeral scam that allegedly bilked customers out of as much as $600 million.
-
Sprint sues to stop Dish Clearwire buyout
Sprint is suing to stop Dish Network’s buyout of wireless data network operator Clearwire. The nation’s third-largest cellphone carrier said the proposed deal violates the rights of Sprint and other Clearwire shareholders.
-
G-8 summit turns focus to clampdown on tax-dodging
World leaders at the G-8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries.
-
Stocks edge higher on home building, low inflation
U.S. stocks were up in early trading Tuesday, boosted by government reports of gains in home construction and low inflation. Expectations that the Federal Reserve will keep in place programs meant to prop up the economy also drove the market higher.
-
With Samsung, Jay-Z’s business continues to boom
He really is more than a businessman.
-
World looks to Bernanke to clarify stimulus plans
Is the era of ultra-low interest rates nearing an end?
- More Business Headlines
-



