O&K Trojan, Inc., a manufacturing operation that has been at the same Clinton Street location since 1920, announced Tuesday that it will cease production within two months.
Russell W. Minard, vice president of the construction equipment manufacturer owned by Orenstein & Koppel, a German company, said a small staff of 38 for sales and parts service will remain after the production lines close no later than early March.
In recent months the company has laid off 100 workers, citing a sharp decline in demand for front-end loaders and graders used by the construction and mining industries. The remaining 54 hourly and salaried production workers will be laid off in coming weeks.
The 250,000-square-foot complex started in 1920 as a railroad car repair shop. It began making earth-moving equipment in the 1930s and took on the Trojan name in the mid-'60s. At one time the plant employed between 300 and 500 workers.