Peavey Electronics Reorganization

The Meridian, Miss., company is closing part of its factory Nov. 25 and fewer than 100 employees will be affected, officials said. Peavey is reportedly working to modernize production methods and focus on manufacturing premium products in the U.S. while moving other manufacturing closer to critical markets in its 136 countries of operation.

CEO Hartley Peavey told the local Meridian Star the company’s product mix has changed.

“Instead of building great big speaker boxes, people are wanting little compact things,” he said. “We just can’t ship big boxes around the world and be competitive. So we are downsizing our production of those kinds of things. Basically, most of the lower end of the product line has gone offshore, and the big stuff — the expensive stuff — we’re keeping in the United Sates.”