Shale Drilling Equipment Manufacturer Lays Off 45 in Altoona

In yet another sign of a slowdown in Marcellus/Utica drilling, a company that manufactures drilling equipment and fracking pumps, Gardner Denver, is laying off 45 employees at its plant located in Tipton, PA (near Altoona). That’s two-thirds of its local workforce. Why? According to a company rep, because of the slowdown in drilling and because of ongoing depressed gas prices.

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