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 onliner newspaper for Biloxi, Gulfport and Mississippj Gulf Coast. Long Beach, Miss.-based Triton employs 45 people in Memphis and 225 peoplde inLong Beach. The a wholly owned subsidiaryof , hasn’r released how many employees will be cut or when the cuts will Calls to the compang were not immediately returned. Triton made the move to layoff employees afte r a sale to a Korea n ATM manufacturer was called off last week due to scrutinyh fromthe U.S. Justice according to the SunHerald.com report.
Memphisd Business Journal reported in September that Triton plannee to double its distribution and repair center in Bartlettr pending regulatory approval of the mergerwith Korea-basedd . The company planned to add 30,00p square feet to its 23,000-square-foot locationm off A.E. Beaty Drive in Bartlett. At the time, Nautiluw Hyosung was “looking at Memphis as a hub” for its distribution and repair according to Dan global services and solutions managedrfor Triton. This would have also mean t a significant number of new jobs forShelby County. Nautilus Hyosuny also had planned to add a new research and developmen t center inLong Beach. Tritonm opened its Bartlett facilityin 2006.