Peavey blames bad business climate for layoffs

Published



MERIDIAN, Miss. (AP) — Hartley Peavey says the company he founded had to lay off 99 people to survive foreign competition.

He tells The Meridian Star (http://bit.ly/1t0dgWB) that Peavey Electronics, which makes amplifiers and other musical equipment, struggles against an increasingly unfriendly business environment in the United States and Mississippi, while competitors make components abroad.

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