Boston Metal to Lay Off 71 Employees Following Industrial Accident in Brazil
Boston Metal, a Woburn-based sustainable metal production company, plans to lay off 71 employees due to an industrial accident at its Brazilian facility on January 30. The incident caused a critical equipment failure, halting operations and preventing the company from meeting a key financing milestone, resulting in financial difficulties and job cuts. The layoffs will take effect on March 14.
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Boston Metal is set to lay off 71 workers at its Woburn locations on March 14 due to an industrial accident at its Brazilian facility on January 30. The accident led to critical equipment failure and a halt in operations, preventing the company from meeting a necessary financing milestone.
Consequently, Boston Metal lost access to essential capital, impacting its operations in Woburn. The company was founded in 2012 and employs over 300 people globally, focusing on sustainable metal production through molten oxide electrolysis. No injuries or environmental damage resulted from the accident.
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