General Cable to eliminate 1,000 jobs

The Associated PressJuly 10, 2014 

— A Kentucky-based company that produces wire and cables has announced it is eliminating 1,000 jobs.

The Kentucky Enquirer (http://cin.ci/1k8RiaC) reports General Cable announced that it plans to reduce its global workforce by 7 percent in a restructuring. It wasn't clear where the cuts would be made.

General Cable manufactures and sells aluminum, copper and fiber-optic cables. According to the company's website, it has 57 manufacturing facilities in 26 countries.

A statement from the Highland Heights-based company says it continues "to face ongoing challenges" in some markets including uneven demand and pricing.

Information from: The Kentucky Enquirer, http://www.nky.com

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