Border States Electric, Fargo, ND, a wholesale electrical product and solution supplier, has announced the reduction of around 2 percent of the company's workforce because of slowed growth in certain markets. TED Magazine first reported the news.

Company spokesman Tom Nelson released the following statement about the layoffs: “Border States has a long history of creating jobs and employee-owners through economic cycles. We have experienced robust growth over the past three years. Growth has slowed this year in some of our markets, and we have made a difficult but necessary decision to do a reduction in force impacting less than 2 percent of our workforce across the company. This reduction does not change our aggressive sales growth goals, investment strategies or market focus to help customers succeed.”