Saint Augustine, Florida-based Carlisle Interconnect Technologies, a major manufacturer of high-performance wire and cabling for the aerospace industry, has announced a major restructuring program that has significantly reduced Carlisle's revenue stream.
The company is responding to the fiscal emergency by shutting down its plant in Kent Washington over the coming year and permanently layoff its 595 employees.
An unspecified number of layoffs occurred at other company locations in Mobile Alabama, El Segundo, California, and Riverside, California which is closed or being closed.
The company plans to consolidate its commercial aerospace work at the company's other locations in Saint Augustine, Florida; Franklin, Wisconsin; and Nogales, Mexico.
According to a spokesperson for the company's parent, the Carlisle Companies, "Aircraft build and retrofit are way down. Our business has gone away, frankly. The shutdown should be complete by the end of 2021, if not sooner.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?