Stupp Corporation says it will begin laying off workers at its Baton Rouge, Louisiana, plant starting Nov. 6.
According to the company, the pipe manufacturing plant anticipates excess capacity due to declines in the oil market.
In a notification letter, Stupp described the move as “a substantial reduction of operations,” as reported by Baton Rouge’s The Advocate.
The layoffs follow 300 layoffs at the same plant in October of 2020, and 75 at a Baton Rouge sister plant for pipe coating.
In August of 2019, Stupp was granted a property tax exemption worth $2.5 million over 10 years. In exchange, the company planned to modernize the Baton Rouge plant and retain and add jobs.
Stupp has been in operation since 1952 and had a workforce as large as 600 in 2012, when oil prices were near $100 a barrel.