Jenkintown, Pennsylvania-based SPS Technologies, a developer, manufacturer, and global supplier of aerospace fasteners and fittings, has announced a major reduction in force .
The reduction in force will impact 250 employees. The decision was driven by a massive fire at its Glenside, Pennsylvania facility.
A company spokesman noted, "After intense analysis of what areas of the location were severely impacted, SPS Technologies has a clearer picture of our personnel needs. Regretfully, we will have to make employment adjustments to align with those product lines and volumes the Company can still support."
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 terrible 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?