RAYMOND, Maine (NEWS CENTER) -- North Carolina based company SFX has announced it's closing its Dielectric Communications business unit in Raymond later this year.
Dielectric manufactures atennae and signal transmission equipment for radio and television broadcasters. Company officials said the decision was made to shut down broadcast and wireless antenna operations worldwide, and all 57 Raymond-based employees who are impacted have been notified.
"After careful consideration, SPX has decided to discontinue the broadcast television and radio and wireless antenna operations of its Dielectric Communications business unit worldwide, due to extremely difficult global economic conditions in the broadcast marketplace, and SPX's ongoing efforts to further focus its future growth strategy on its Flow Technology business," company officials said in a statement issued to the media.
Raymond town officials said they were notified of the company's decision last week in a letter.
"It was founded in the town of Raymond and it has been here ever since," Raymond Town Manager Don Willard said. "59 years in the community, so in today's world I think that's pretty unusual, and so it's a great loss for the town."
Willard said the town's economic development committee will be looking into possible future opportunities for the Dielectric facility.
SPX officials said they will be working with employees in finding other opportunities, and they will be providing outplacement services to all employees affected.
The job losses at the Raymond facility are set to take effect in July.