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.

Categories: Agriculture, Life, Master Parent-imported, Minnehaha-imported, Money, News-imported, Sioux Falls-imported, South Dakota