Timken Co. Announces Plans to Lay off 14 Percent at SC Plant

Resource from: CBCC Likes:2965

Mar 20,2009

Bearings and specialty steels maker Timken Co. says it will lay off 14 percent of its full-time staff at a South Carolina plant. Company spokeswoman Lorrie Paul Crum on Thursday confirmed that 65 positions are being cut at the Honea Path facility. Crum says it's part of Timken's overall cost-cutting measures because of a slowing market for its products. Earlier this month, the Canton, Ohio, company said it would cut 400 salaried jobs this year, or almost 2 percent of its overall work force. The cuts are the second announced by Timken in South Carolina in as many months. Last month, the company said it would lay off 60 full-time workers at its plant in Gaffney on March 1.

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