Bristol Compressors to lay off 240
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BRISTOL, Va. - More workers at Bristol's largest employer are losing their jobs, suggesting time is running out in the quest of Bristol Compressors' new owner to sell the plant. The plant's 1,300 employees learned Wednesday that about 240 people will be out of work by the end of March, according to a news release from parent company Johnson Controls Inc. The company also plans to idle the plant for two weeks starting Sunday, and the news release cited "higher than anticipated" inventories for both the layoffs and the temporary shutdown. A spokesman for Johnson Controls sounded upbeat about efforts to sell Bristol Compressors, a tactic the company announced in January 2006 shortly after purchasing Bristol Compressors from York International. "We've been aggressively pursuing prospective buyers, and we're encouraged by what has been occurring so far," Darryll Fortune said. Johnson Controls has trimmed several hundred workers in Bristol since purchasing the company from York International in late 2005, and workers were told shortly after the purchase that Johnson Controls would market the business but may not be able to keep the plant open if it could not sell. The plant produces reciprocating compressors used in air-conditioning and heat pump applications.
Alley's Dodge sponsoring hat contest
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KINGSPORT - In honor of a long-standing tradition of the Kentucky Derby, a horse racing event often known for its fans' fashionable hats, the Chrysler brand and Alley's Dodge World of Kingsport are participating in a nationwide hat design competition inspired by the brand's 2008 Chrysler Sebring convertible launching in spring 2007. The top three finalists in the "Chrysler Sebring Hats Off to the Derby" contest will win tickets to the derby to wear their designs. One grand prize winner will be named in Louisville during Kentucky Derby weekend and will receive a 2008 Chrysler Sebring convertible. Entrants must submit a sketch by March 5. For contest rules visit www.chryslersebringhatsofftothederby.com.