Grand Rapids, Michigan-based Lacroix, a contract electronics designer and manufacturer of electronic assemblies and sub-assemblies, has announced a restructuring and plans to exit its North America operations by the end of 2025, primarily to reduce its exposure to the automotive sector.
The closure will impact 115 employees at its Grand Rapids, Michigan, electronics manufacturing plant, with a final separation date of December 31, 2025.
According to a statement, “Since our initial announcement, the business outlook for the American subsidiary has further deteriorated following the loss of several customer contracts. Moreover, ongoing geopolitical tensions, particularly the threat of additional U.S. import duties, continue to create significant uncertainty over future demand in the United States. In this context, it has become evident that the operational recovery plan initiated for Electronics in North America would be insufficient to restore profitability.”
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. We see good people being laid off through no fault of their own. Just because something terrible 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. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?