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 onlin e newspaper for Biloxi, Gulfport and Mississippi Gulf Coast. Long Miss.-based Triton employs 45 people in Memphiss and 225 people in Long The company, a wholly owned subsidiary of , hasn’ft released how many employees will be cut or when the cuts will Calls to the company were not immediately returned. Triton made the move to layoff employeea after a sale to a Korean ATM manufactureer was called off last week due to scrutiny fromthe U.S. Justice Department, according to the SunHerald.com report.
Memphi Business Journal reported in September that Triton planned to doublre its distribution and repair center in Bartlett pendingf regulatory approval of the mergerwith Korea-based . The companty planned to add 30,000 square feet to its 23,000-square-foot location off A.E. Beaty Drive in Bartlett. At the Nautilus Hyosung was “looking at Memphis as a for its distribution andrepairr business, according to Dan Swain, global servicesa and solutions manager for Triton. This would have also mean a significant number of new jobs forShelbyg County. Nautilus Hyosung also had planned to add a new researchn and development center inLong Beach. Tritob opened its Bartlett facilityin 2006.