Timken announces layoffs for its belt plant in Missouri

Springfield, MO – 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.

The Springfield facility, known for producing a variety of industrial belts, has been a staple in the community since it opened in 1959 under the Dayco brand. Over the years, it has provided steady employment and contributed significantly to the local economy. However, recent declines in demand, particularly in Europe and China, have prompted the company to reassess its operations and make difficult decisions to remain competitive.

Local officials and community leaders have expressed their concern over the impact of these layoffs on the Springfield area. The loss of jobs is expected to have a ripple effect on the local economy, affecting not just the employees but also their families and the broader community. Efforts are being made to support the affected workers, including severance packages and career placement services provided by Timken. Additionally, local workforce development agencies are stepping in to offer retraining and job placement assistance.

Despite the challenges, there is a sense of resilience within the community. Local leaders are optimistic that new opportunities will arise, and they are working to attract new businesses to the area. The Springfield plant’s closure marks the end of an era, but it also opens the door for potential growth and diversification in the local economy. As the community navigates this transition, the focus remains on supporting those affected and building a stronger, more resilient economic future.