General Cable to eliminate 1,000 jobs - wave3.com-Louisville News, Weather & Sports

General Cable to eliminate 1,000 jobs

Posted: Updated:
Source: MGN Online Source: MGN Online

HIGHLAND HEIGHTS, KY (AP) - A Kentucky-based company that produces wire and cables has announced it is eliminating 1,000 jobs.

The Kentucky Enquirer 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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.