Over the past months, finding jobs in Virginia have been on the rise. New companies, including Hilton Hotels, LASCO Bathware, and SPARTA Composite Products, have come to the state to open new plants.
However, some plants are being forced to close their doors.
Belden Inc. , which makes and markets specialty wire, cable and cord products for the electronics and electrical markets, announced on March 18th that they will be closing their Midlothian manufacturing plant. This won't be in effect till July, but 45 positions will be lost.
The company, looking to save money, will be moving their plant to Tijuana, Mexico.
According to Forbes, "In December, Belden said it planned to cut 1,800 jobs worldwide, or 20 percent of its work force, and consolidate some manufacturing operations, as demand for its products continued to soften".
MeadWestvaco , a paper and packaging manufacturer, is closing their Louisa plant. As a result, 171 employees will be let go. Lack of demand for packaging and the company's attempt to save money are the reasons for the close.
According to Virginia Business Magazine, " The company announced in January that it would reduce its worldwide work force by 2,000 jobs and restructure 12 to 14 of its manufacturing plants in 2010 to save $250 million to $300 million".
As of Virginia's unemployment rate is at 6.0%.