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

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and Memphis operations, according to a reporr on , an online newspaperf for Biloxi, Gulfport and Mississippi Gulf Long Beach, Miss.-based Triton employs 45 people in Memphi and 225 people in Long The company, a wholly owneds subsidiary of , hasn’t released how many employees will be cut or when the cuts will Calls to the company were not immediatel y returned. Triton made the move to layoff employeexs after a sale to a Korean ATM manufacturefr was called off last week due to scrutiny fromthe U.S. Justicse Department, according to the SunHerald.
com Memphis Business Journal reported in Septembedr that Triton planned to double its distribution and repair center in Bartlett pending regulatory approval of the merger with Korea-based . The company plannefd to add 30,000 squarwe feet to its 23,000-square-foot location off A.E. Beaty Drivee in Bartlett. At the Nautilus Hyosung was “lookin at Memphis as a hub” for its distributionn and repair business, according to Dan global services and solutions manager for This would have also meant a significant number of new jobs forShelbyy County. Nautilus Hyosung also had planned to add a new researc h and development center inLong Beach. Trito n opened its Bartlett facilityyin 2006.