250 Jobs To Be Cut At Owens Corning

Due to the struggling economy, Amarillo's Owens Corning says it will cut about 250 jobs within the coming weeks.

Owens is shutting down one of its two furnaces due to the lack of demand.

The company will start cutting jobs this month and company spokesman Scott Deitz says the cuts could could continue throughout 2009.

But he says the cuts are only temporary, or at least they hope they will be, until the economy shows signs of improvement.

Deitz says by then Owens hopes to reopen the furnace and rehire those who were cut.

Today, the company filed the necessary paperwork so those employees can receive benefits under the Warn Act.

Under that act, they will receive pay for 60 days, then they will start to receive owens benefits for 90 days.