BRISTOL, Tenn. - A company in Bristol, Tennessee announced it's closing it's doors.
Synalloy Corporation, the parent company of Bristol Fabrication, posted a statement on it's website saying a division of the Bristol location will close June 27.
According to the statement, the employees were notified Monday.
The company says Bristol Fabrication lost more than $5 million between 2011 and 2013, and lost more than a million dollars during the first quarter of this year.
The company says it failed to reach a new agreement with the union that represents it's workers to reduce costs to become profitable.
- Updated UPDATE: Bristol assisted living worker pleads guilty to assaulting 94-year-old woman
- Bond set at $7M for suspect in Ohio house fire that killed 7
- Trump vows to crack down on leaks, slams NATO
- Insurers continue to hike prices, abandon ACA markets
- Woman claiming Sandy Hook was a hoax pleading guilty to threats