MSSC Inc., a group company of Mitsubishi Steel Mfg. Co., Ltd., announced plans to end stabilizer bar operations at its Hopkinsville plant today.
According to the release, the Hopkinsville plant, which currently employs 206 associates, will see a gradual workforce reduction of 170 employees over the next two years. According to the release, the company will provide a retention bonus in addition to their standard severance for all employees who complete their required term of service.
Stabilizer bar production will be consolidated into their other two North American plants located in Chatham, Ontario, Canada and Aguascalientes, Mexico.
“We have experienced unprecedented economic pressures, coupled with a reduction in production orders, which has caused us to re-evaluate our North American footprint to help minimize our fixed cost structure,” said John Trapp, president and general manager, MSSC. “This consolidation of product lines is necessary in order to remain competitive in a very aggressive marketplace.”
After consolidation, the Hopkinsville operation will be limited to steel bar preparation processes in support of the Chatham, Ontario facility.