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CONSTRUCTION COMPANY SHUTDOWN
Lamar Construction Company announces full operations shutdown, 280 employees affected

Reported by: Associated Press
Reported: Friday, July 11, 2014 1:16 PM EDT
HUDSONVILLE, Mich.


A Michigan construction company says it's shutting down all of its operations, after announcing a partial shutdown earlier this week.

Carl Blauwkamp , president and CEO of Lamar Construction Company, tells the Grand Rapids Press (http://bit.ly/1kLMW9f ) Friday that all of its 280 employees will be affected. About 170 employees live in west Michigan, 80 in Colorado and 30 in Kentucky. He adds a revival of the 76-year-old company is unlikely.

The full shutdown comes after a bank pulled its line of credit to the company following unexpected losses. Blauwkamp (BLOW'-camp) declined to comment further.

The newspaper reported Wednesday, the company announced it was closing its construction operations, laying off 180 employees.

Information from: The Grand Rapids Press, http://www.mlive.com/grand-rapids










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