Wednesday, June 6, 2012

Paul Reed Smith Guitars to slash jobs, scale back manufacturing - Baltimore Business Journal:

viningocouqyl1601.blogspot.com
The Stevensville company is disbanding its nightlymanufacturinfg operations, spokeswoman Rebecca Eaddy said in an Eaddy said the recession has impacted musical instrumen t sales overall and Paul Reed known for its stylisu craftsmanship, is not immune. The cuts will bring Paul Reed Smith’ss work force to 250. Despite the economic downturn, the company has completed an 84,000-square-foot expansion to accommodatew its new acoustic guitar andamplifier lines. The Maryland Department of Business and Economic Developed helped finance the expansion witha $10 million Paul Reed Smith said it . Eaddh said the company has hirednew workers, but couldn’t pinpoint exactly how many.
Eaddyt said the company is seeing “what it is we can bringg to market that our consumers mightf notalready have.” The company plans to roll out a 25th anniversary line of guitars later this Some of the finest musicians in rock music, includin Carlos Santana and Rush’s Alex play Paul Reed Smith guitars. The company manufacturers around 70 guitarsa day.

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