Am I Next? CoorsTek closing down Geiser Tools operations in Ventura California.

Golden, Colorado-based CoorsTek, a manufacturer of technical ceramics for aerospace, automotive, chemical, electronics, medical,and other applications, has announced that it will be closing its ceramics manufacturing plant in Ventura, California in October, 2019 and laying off 268 employees. The plant was previously the home of the Gaiser Tool Company, a high-quality ceramic precision tooling manufacturer of semiconductor wire-bonding tools, which was acquired by CoorsTek in 2007. According to plant employees, operations will cease and the Gaiser brand and products discontinued.

It appears that the decision was based on semiconductor marketplace economics which is experiencing a world-wide slowdown and the various tariffs and trade issues occurring in the Asian 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?