71% income drop leads to Tampa plant closing, 250 layoffs

Kimball Electronics, an Indiana manufacturer, is closing its plant in Tampa and will lay off 250 employees after reporting a 71% decrease in its net income earlier this week.

The company announced the job cuts in an earnings report issued Monday and followed up with a letter posted to the state’s Worker Adjustment and Retraining Notification database Wednesday afternoon.

The layoffs, according to the letter, which was sent to meet federal WARN requirements, are expected to begin Jan. 5 and to be fully completed by June 30.