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There were waves of promising economic-development projects announced in the Triad in 2023 with thousands of production jobs and billions of capital investments pledged by new or expanding businesses.
The Triad's job market moved down slightly to 3.7% in February, the N.C. Commerce Department reported.
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The closure is from company restructuring, resulting in the layoff of 123 employees.
Precor Manufacturing Inc. is closing its Whitsett plant by Oct. 31, ending the jobs of 123 employees, as part of a projected corporate restructuring by parent company Peloton Interactive Inc.