St. Marys, Pennsylvania-based Keystone Powdered Metal Company, a subsidiary of Osaka, Japan-based Sumitomo Electric Industries and a producer of complex powder metal components for the North American market, has announced it will close at least one of its two plants north of Charlotte, North Carolina, in April 2025.
The closure will impact 217 employees.
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. We see good people being laid off through no fault of their own. 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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?