ELYRIA, Ohio - Elyria Foundry said it was forced to lay off a number of employees following Friday night's fire at the business.
The fire started at 9:30 p.m. and burned into the early hours of Saturday morning at the facility located on Filbert Street.
On Monday, Elyria Foundry said it has not been able to evaluate the damage and will temporarily shut down.
"We care deeply about our associates and are doing what we can, such as continuing health insurance benefits and working to expedite the receipt of their unemployment benefits, to ease the burden of these circumstances," the company said in a statement. It did not say exactly how many people will be out of work.
Elyria Foundry is planning to rebuild, even though the Elyria Fire Department said the damage was between $5 million to $10 million.
No one was injured.
Elyria Foundry makes gray and ductile iron castings, and was founded in 1905.