Babcock & Wilcox Universal suspends operations, announces layoffs

BELOIT, Wis. (WIFR) – More than 50 people are being laid off in Beloit after an energy solution manufacturer suspends its operations.

Babcock and Wilcox Universal plans to suspend manufacturing operations at its Beloit plant by June 4.

In addition to 55 people being laid off, seven employees will be transferred to other company locations. The company says it was a difficult decision, but it made the decision to deal with overcapacity and to remain competitive.