400 people at one of Painesville’s largest employers were notified of layoffs Friday.
Core Systems, LLC is shutting down productions after 50 years in the manufacturing industry.
The company makes custom molded parts in the appliance industry for clients including GE, Whirlpool, Bosch and Electrolux.
Core Systems President Bill Loebbaka says the lender gave the order to stop production late Thursday night.
“It’s amazing how quickly a company can die,” Loebbaka says. “In 45 minutes, my employees were gone. I kept telling them none of them did anything wrong. They did a good job. They delivered their parts on time.”
Chosen excerpts by Job Market Monitor from
via Lake County: 400 lose jobs as company shuts down | wkyc.com.
Job Market Monitor 
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