APEX Tool in Sumter to layoff 170 employees by the Spring
SUMTER, SC (WACH) - A tool company based in Sumter is expected to layoff roughly half of their employees this year.
According to the Sumter Economic Development Board, the roughly 170 layoffs are expected to occur in the Spring of 2017.
Erika Williams with Sumter Economic Development Board said the reason behind the layoffs is that APEX is ceasing production of its Armstrong and Allen lines of hand tools.
Williams said that APEX has been in Sumter since 1974 and started as Crescent Adjustable Wrench. At it's peak the company employed 365 people.
The Development Board will be assisting those effected by the layoffs.