Invacare Corp. officials have announced the company is laying off nearly 40 percent of the hourly employees at its Taylor Street wheelchair manufacturing plant in Elyria due to an expected decline in production that mainly will result from the consent decree the company entered into last week with the U.S. Food and Drug Administration, according to an article in Crains Cleveland Business publication.
Invacare is laying off 143 of the plant's 365 hourly workers. The maker of wheelchairs and other home health care equipment said the remaining 222 employees "will remain in their current roles or be reassigned to other roles across the Elyria campus."
Invacare said it will offer 60 days continuance of pay and benefits to the laid-off workers, according to the Crain's article.
As a result of the move, Invacare expects to incur one-time restructuring charges that won't exceed $1.25 million on a pre-tax basis, the article added.
"While we regret having to take this step, we recognize the need to align our work force with our production volume," Invacare president and CEO Gerry Blouch said in a statement.