LOUISVILLE —Whayne Supply Company announced on Tuesday that they will be laying off 87 employees company wide. The company will also right-size locations and supply centers to reduce cost and restructure the company.
In a statement, President and CEO Monty Boyd said, “Due to deterioration in our traditional markets in the eastern Kentucky area and coal industry with no signs of future improvement for some time, Whayne Supply Company has to make the difficult decision to right size our locations and support center affected by these conditions.”
The layoffs will affect seven percent of Whayne Supply Company’s total workforce.
Boyd said prior to the layoffs, the company worked to reduce expenses.
They also have made employees aware of opportunities in other areas of the company and have given them relocation packages.
The company serves 16 cities across Kentucky and Indiana, with one facility being located in Hazard. They have a total of 17 facilities across both states.
Their headquarters are located in Louisville.
They offer CAT equipment parts, service, sales and rental and are a license dealer of Thomas Built Buses, Challenger, Massey Ferguson, Lexion, Sullair and Genie.
They focus on construction, industrial, mining, paving, forestry and agricultural equipment.
Whayne Supply Company is one of the oldest and longest Caterpillar dealers in the United States.
The Hazard Herald reached out to a HR representative for comment and how many jobs were lost at the Hazard facility, but as of press time, they have not returned our phone calls.
TJ Caudill is a reporter with The Hazard Herald and he can be reached at 606-629-3245.