PGT Lays Off Workers
PGT Innovations confirmed it recently laid off employees from its Florida operations, including workers in Venice.
The company builds its PGT Custom Windows and Doors line locally, as well as operating the CGI Impact Resistant Windows and Doors in Hialeah and WinDoor High Performance Doors & Windows in Orlando. Individuals contacting the Herald–Tribune have said 41 people were laid off among the three locations.
This month, PGT opened iLab, a product incubator and micro–factory, designed to provide custom products. The company's third quarter 2019 earnings conference call is scheduled for Nov. 7. According to the paper, last December, PGT Innovations made a one–time $4 million grant of restricted stock to its 3,000 employees, with stock issued to employees.