In Third Layoff of 2015, Timken Cuts 40 Positions
Lebanon — Timken Aerospace, continuing to grapple with a downtown in its precision ball bearing business, is letting go about 40 workers at its Lebanon plant as part of a reorganization that involves transferring some functions to the parent company’s corporate headquarters in North Canton, Ohio. The layoffs are the latest blow at the Lebanon plant, one of the city’s biggest manufacturing employers, which has already faced two rounds...
Timken to Lay Off 20 Workers
Lebanon — The Timken Co. is laying off about 20 employees who work in the operations group at its manufacturing plant in Lebanon as the company reacts to a downturn in the demand for helicopters used in oil and gas exploration and a decline in inventory among major customers. The North Canton, Ohio-based company confirmed Thursday the layoffs at its Lebanon plant, which is part of the company’s aerospace business, and cited falling...
