Cameron Manufacturing plant employs 121 people.
City officials say despite living outside of Electra, all employees contribute to the economy. Mayor Curtis Warner says the closure will reduce that amount of money along with the amount the company pays in utilities, sales taxes, and property taxes. He calculated the figure to be somewhere around $330,000-$340,000 a year.
Layoffs are expected to continue through mid-march. So far, Cameron officials have not given a reason for the closure, but an Electra pastor is planning a community prayer meeting that he hopes will help Electra through this difficult time.
Dr. Michael Watts said, "When the bad happens we can see sometimes the good of the people coming together willing to work together. This close is bad for our town. It's terrible but maybe through this maybe some good can come out and we can start working and building back together and building Electra back."
The community prayer meeting begins tonight at 6 at First Baptist Church in Electra on Garrison Avenue.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.