AM I NEXT? NO LOVE AT MITSUBISHI (02/03/21)

Am I Next? Mitsubishi Electric Power Products closing or selling the plant in Memphis, Tennessee.

FEBRUARY 3, 2021 — CLIMATE CONTROL OPERATIONS IN FRANKLIN, INDIANA DISCONTINUED

The company has announced that it will discontinue the production of automotive air conditioning compressors at its Franklin, Indiana facility beginning in March 2021, and completed by the end of 2021. The cessation of operations will affect approximately 80 employees.

The decision was driven "due to lack of sales and no future business."

NOVEMBER 29, 2019 — Original post …

Warrendale, Pennsylvania-based Mitsubishi Electric Power Products, a manufacturer of power transformers, circuit breakers, and components for electrical transmission systems, has announced that it will be laying off 160 employees at its Memphis, Tennessee manufacturing facility. The company has announced plans to sell the facility in the near future. Since the company manufactures some of the largest transformers and power station circuit breakers which are critical to the nation’s infrastructure and have a relatively long cycle between order and delivery. The company is said to be investigating a sale to a rival transformer manufacturer who may wish to retain some of the targeted employees.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?