DMI industries, an operating company of Otter Tail, just announced that it will  be cutting its workforce by 20% due to the current economic situation. The company will start 2009 with 750 employees in total, 150 more than at the beginning of 2008. The workers who have been laid off will be provided benefits and compensation for a transition period.

Here’s what DMI president Stefan Nilsson had to say about the layoffs:

"We remain committed