Timken announces layoffs for its belt plant in Missouri
The Timken Company has announced significant layoffs at its Springfield, Missouri plant, a move that will affect nearly 100 employees. This decision comes as part of Timken’s broader strategy to streamline operations and adjust to changing market demands. The Springfield plant, which has been a key player in the local economy, will see a reduction of about 40% of its workforce, with layoffs beginning in March 2025 and continuing through September.
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