AM I NEXT? NO LOVE AT AMERICAN AXLE AND MANUFACTURING

Detroit, Michigan-based American Axle and Manufacturing, a Tier 1 supplier to the automotive industry of specializing in the design, engineering, validation and manufacturing of driveline, metal forming, powertrain, and casted components, has announced that it will be closing the vehicle axle manufacturing facility in Emporium, Pennsylvania in the next 12 to 18 months.

The closure will affect hundreds of workers. Current operations will be transferred to other company locations.

American Axle and Manufacturing bought the business of GKN Sinter Metals and everything inside the building but didn’t purchase the actual building.

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?

AM I NEXT? NO LOVE AT GLOBAL BRANDS GROUP

Kowloon, Hong Kong-based Global Brands Group, a leading manufacturer, distributor, and retailer of branded fashion apparel, accessories, and footwear, has announced that it has laid off 78 employees and is presently considering the closing of its Greensboro, North Carolina office.

The Greensboro office supports business operations and includes finance, order process management, and IT support.

The decision appears to be driven by a liquidity crisis in which the company is unable to pay vendors who are refusing to ship goods. The company is seeking to “secure adequate financing or consummate an alternative transaction in order to address its liquidity needs and continue full operations as it seeks a buyer or buyers for all or a portion of its business.”

“At this time, it is not possible to determine how successful the company will be in its efforts to sell all or a portion of its business. If the company is not successful in finding a buyer or buyers, it is likely that the NC facility will experience a plant closing, in which case all employees will be terminated. There may also be layoffs if the company finds a buyer or buyers, but if the buyer does not take on all of the company’s remaining workforce, or if the company does accomplish a sale but discovers that financial constraints prevent it from continuing to employ all of the remaining workforce up to the effective date of such a sale.”

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?

AM I NEXT? NO LOVE AT TT ELECTRONICS

Woking, England-based TT Electronics, a manufacturer of electronic components, including sensors, power modules, resistors, magnetics, semiconductors, connectors and optoelectronics, and provider of contract manufacturing services, has announced that it is closing its Corpus Christi manufacturing facility.

Some of the work will be transfered to the company's newly-expanded 68,000-square-foot facility in Plano, Texas. A smaller portion of the manufacturing operations will be sent abroad to the company's factory in Bedlington, England.

The closure will impact 73 employees commencing on begin on August 16, 2021, and be completed by the end of August 2021.

The decision is being driven by a 2020 operational review which led to plans to reduce the company's global workforce, consolidate operations, and to shutter at least three facilities globally, including one in Christ Church, Barbados, and one in Lutterworth, England.

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?