AM I NEXT? NO LOVE AT STATIC CONTROL COMPONENTS

 Am I Next? Printer toner and inkjet cartridge maker Static Control will close four plants in the Stanford, North Carolina with mass layoffs.

Sanford, North Carolina-based Static Control Components, one of the largest manufacturers of aftermarket printer toner and inkjet replacement cartridges and associated printer components will close four of its manufacturing facilities in Sanford and lay off 226 employees, thirteen from headquarters and 213 in the manufacturing facilities.

The company will keep administrative and non-manufacturing activities at their four remaining facilities in Sanford.

The company which replaced its CEO and CFO a few months ago. Ken Lalley, the recently hired CEO of Static Control, noted “Static Control has a clear route forward for success, and will focus on our strengths of providing innovation through our award-winning research and development team, strengthening our sales and adding efficiencies to global distribution. These tough decisions were made in order for our business to remain competitive”

Chinese manufacturer, Apex Microelectronics, the world’s largest supplier of printing cartridge chips, purchased the controlling interest in the company for $63 million in 2015. It is unknown if these layoffs are the result of needed restructuring or the precursor to outsource manufacturing to a foreign manufacturer.

Are you wondering, Am I Next?