RADFORD, Va. (AP) — For the first time in more than 100 years, no foundry is operating in Radford.
Texas-based Intermet Corp. idled the New River Foundry this weekend and laid off the 76 remaining workers. The company closed the neighboring Radford Foundry six years ago.
At one point, the two foundries employed about 1,500 in this small western Virginia city.
Vicky Collins, director of Radford's department of social services, says the loss of jobs hurts. U.S. Census data show that Radford has the second-highest poverty rate in Virginia.
The foundry made cast-metal components for automotive manufacturers.
Mayor Tom Starnes says foundries have operated in Radford for 120 years. The foundry's closure means up to $1.5 million in lost revenue for the city.
Information from: The Roanoke Times, http://www.roanoketimes.com