LIMESTONE, Maine — A sign company that typically experiences a slow period after Christmas has fallen on even harder times due to the sagging economy, and company officials decided this week to furlough workers indefinitely.
The Pattison Sign Group has idled its plant at the Loring Commerce Centre and furloughed approximately 50 employees effective Wednesday, said Carl Flora, president and chief executive officer of the Loring Development Authority, on Thursday.
The company has had a manufacturing site at Loring Commerce since 2004, Flora said.
Pattison Sign Group is the largest on-premise sign and visual communication company in Canada and second-largest in North America, according to its Web site. The company has five manufacturing facilities in North America.
“Orders are low and the company had no choice but to idle its machines and announce the furlough,” Flora said Thursday.
Flora noted that the company manufactures a large number of signs for banks and auto dealerships, both of which are struggling in the recession.
Flora said he remains optimistic that the economy will turn around and the need for such companies will return.
Calls to company officials were not returned on Thursday evening.