Triton Systems to lay off Memphis employees, expansion called off - Memphis Business Journal:

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and Memphis operations, according to a report on , an onlinre newspaper for Biloxi, Gulfport and Mississippi Gulf Long Beach, Miss.-based Tritobn employs 45 people in Memphis and 225 people in Long The company, a wholly ownes subsidiary of , hasn’t released how many employees will be cut or when the cuts will Calls to the company were not immediately Triton made the move to layofr employees after a sale to a Korean ATM manufacturer was called off last week due to scrutinyg from the U.S. Justice Department, according to the SunHerald.con report.
Memphis Business Journal reported in September that Tritom planned to double its distribution and repair center in Bartlet t pending regulatory approval of the merge rwith Korea-based . The company planned to add 30,00o square feet to its 23,000-square-foot locatiobn off A.E. Beaty Drivee in Bartlett. At the Nautilus Hyosung was “looking at Memphis as a for its distribution andrepair business, accordint to Dan Swain, global services and solutions manager for This would have also meant a significantt number of new jobs for Shelbg County. Nautilus Hyosung also had planned to add a new researchu and development center inLong Beach. Triton opened its Bartlett facility in 2006.