Triton cuts work force

Published 12:48 am Sunday, November 23, 2008

ATM manufacturer Triton Industries has laid off 25 full-time employees and 10 part-time workers at its Long Beach manufacturing facility.

Triton spokesman Brain Goff says the cutbacks were necessary because of declining sales.

The facility is Triton’s only manufacturing site and according to Goff the company has no plans to leave Long Beach.

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In July, a South Korean ATM maker Nautilus Hyosung announced it would buy the Long Beach company. The sale is under review by the U.S. Justice Department.

In September, Triton announced plans to open a research and development center in Long Beach. The expansion will mean new jobs, though no exact number was announced.

Triton is the fourth largest ATM manufacturer in the world.