SEPTEMBER 23, 2021 — 240 LAYOFFS AT DIAMOND CHAIN FACILITY IN INDIANAPOLIS, INDIANA
Timken announced plans to close its Diamond Chain subsidiary, a maker of roller chains used in a variety of industries, including automotive, agriculture, and industrial manufacturing, which it acquired in April 2019. The closure will impact 240 employees in phases commencing November 26, 2021.
Operations located at the Indianapolis, Indiana plant will be transferred to its Drives chain facilities in Fulton, Illinois, and Clinton, Iowa.
NOVEMBER 5, 2019 — Original post…
North Canton, Ohio-based Timken Company, a manufacturer of bearings and associated components, has announced their intentions to transfer their high volume bearing and roller production from the Gaffney, South Carolina plant to other Timken facilities with additional capacity. Approximately 150 employees will be affected over a phased nine-month process.
According to a company spokesperson…
“At Timken, we continually review our operations and global manufacturing footprint to ensure we are providing the best possible value and service to our customers.
We continue to see challenging conditions across many markets that we serve from our Gaffney, South Carolina, plant. After careful consideration, we have made some restructuring decisions that will reduce overall employment at our Gaffney facility by approximately 150 positions over the next nine months. While we expect many of these reductions will be achieved through attrition and retirements, we will provide support to help those affected by this change including, employment opportunities at other Timken manufacturing plants, outplacement services, benefits continuation and retention pay.
While difficult, these changes are required to streamline operations and restructure our manufacturing footprint to better compete in a global market.”
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?