300 job cuts expected to be temporary

BOWLING GREEN, Ky. (AP) - A southern Kentucky company has laid off 300 workers, but says the action is expected to be temporary as it negotiates the sale of the facility.

Eagle Industries' spokesman James Bond told the Daily News that the company "has a letter-of-intent to purchase" and investors asked them not to run production while the sale is finalized.

Eagle Industries has produced custom-made furniture in Bowling Green since 1992 and has grown from an operation of about 50 workers to the 300 currently employed.

Bond said the last few years "have been tough for American manufacturers" but noted the economy is picking up and so has production.

He said he's not sure what changes the new investors might make with the company.