In the near future a large number of Americans who live in South Carolina may find themselves in a situation where they have to apply for unemployment benefits. A consumer electronics company located in South Carolina will soon be closing its doors in Winnsboro due to tariffs imposed by President Trump. After the local Walmart in Fairfield County, closed its doors two years ago Element Electronics became one of the largest places of employment that remained. The disappointing news was released after plans to build two nuclear reactors in the area were scrapped, leaving near 5,000 construction workers without a job.
When speaking to local South Carolina media state Sen. Mike Fanning said, “when you think you’ve reached rock bottom, to get kicked in the gut like this, you didn’t think anything more could happen. Within 365 days, you just get rocked to your core.”
Element Electronics explained the reasoning behind the decision to close down their plant in Winnsboro, South Carolina when they said, “the lay off and closure is a result of the new tariffs that were recently and unexpectedly imposed on many goods imported from China, including the key television components used in our assembly operations in Winnsboro.” Their explanation was released in a statement given in a letter to the states Department of Employment and Workforce that had been obtained by the local media.
In the letter that they sent to the states Department of Employment and Workforce, Element Electronics further stated that they hope that the plants closure will only be a temporary situation and with any luck they may be able to reopen their doors within three to six months. However, at this point in time under the current situation that the new tariffs have placed the company in they can not predict with any certainty whether or not the Winnsboro plant will be able to reopen like they hope it will.
The lay offs will hit Winnsboro families and the economy at one of the worse times of the year since lay offs are expected to start in October, a move that will cost the county to lose 126 jobs with the holidays not too far down the road.