Roanoke-based [Cycle Systems](http://www.cyclesystems.com/ “Cycle Systems”) laid off 35 employees (17 1/2% of its workforce) last week across the company’s eight locations. Five workers in Roanoke lost their jobs.

It was the first time in Cycle Systems’ 92-year history that the family-owned company has laid off more than a couple of employees at once.

The company attributed the cuts to the faltering economy and decreased demand by automakers, steel manufacturers and other industrial clients for recycled metals and processed scrap.

[Read](http://www.roanoke.com/business/wb/185514 “Read the Article”) (Roanoke Times)