Haskel Closes Offices, Cuts Staff Due to Slowdown

Haskel International Inc. said it is closing two overseas offices and laying off 13 workers from its Electronic Products Group due to a slowing in orders from computer and semiconductor manufacturers.

EPG represents about 25% of Haskel’s total sales. The company will close its EPG offices in the United Kingdom and Germany, as well as trimming the staff in its EPG office in Westlake Village.

These moves will result in a one-time charge of $150,000 in Haskel’s fourth quarter.

Haskel, based in Burbank, is a maker of high-pressure liquid pumps used in electronic components.