Raven Announces Major Layoffs
Raven management calls it a "$13 million dollar restructuring plan"
Sioux Falls based Raven Industries announces a major layoff.
More than a hundred employees are being let go this week, most of them in Sioux Falls.
Raven management calls it a “$13 million dollar restructuring plan.”
The company has three divisions and one of them has been under-performing.
The applied technology division, which deals in ag technology has seen sales plunge by 27%.
Raven, which was started in 1956, also produces engineered films and balloons under the Aerostar Division.