As we first told you last week, Mishawaka's Scott Brass is laying off 78 employees and might be closing its doors for good.

The company is based in Cranston, Rhode island, but has two factories in our area-- Mishawaka and New Carlisle.

One of those laid off Mishawaka workers talked to Newscenter 16 about her job loss and financial worries. The worker talked, but asked that her face not be shown and that her name not be used. She says she's still optimistic that her job might come back.

She says because her company's bank, Wachovia, is in financial trouble-- they can't borrow money to operate. That means employees are out of a job. That's a tough pill to swallow for nearly 80 people from our area. Many have had a steady job at Scott Brass for years.

“Friday night we got a phone call. They said the plant was closed and not to come in, cause we was scheduled to work that night,” says the laid off worker. “I'm very shocked and saddened because I liked working there, most people did, they were a pretty fair company.”

Mishawaka Mayor Jeff Rea says he got a letter from the company explaining its financial dilemma. “A couple reasons, the drop in the price of copper- how that affected their inventory and assets- and ultimately some issues related to their banking,” explains Rea.

Scott Brass's bank, Wachovia, is in the middle of a takeover-- and that means the company hasn't been able to borrow money to operate.

No jobs also means no health insurance for these workers. “They tell us at 5:30 that we're out of work and then Saturday we don't have any insurance either, we thought we'd have at least a week or so.”

By phone, Newscenter 16 spoke with several other laid off employees. Some say they were surprised by the abrupt layoffs, but others said they saw it coming.

While the layoffs seems very real right now, some workers say they're still holding out hope-- hope that the company will get financing and they'll in turn get their jobs back. “It sounds like we still have some hope. I'm holding on to that at least, so that we might have some hope of going back.”

Newscenter 16 also made several phone calls to the Local Teamster's Union 364 for a comment. When this story aired, phone calls hadn’t been returned.

Newscenter 16 also contacted Scott Brass headquarters in Rhode Island. The company has not yet released any official comment to the media.

Meantime, it’s unclear what’s in store for Scott Brass’ New Carlisle plant. The plant was up and running on Monday, but no one could comment on the future of the jobs there.