July 23rd, 2009

The Chrysler Stamping Unit

The recent economic slow down has been witnessing quite a number of take-over’s and mergers in the auto industry, sending so may workers and employees into a state of tizzy.

Many big giants in the auto industry are showing signs of closing down are pruning the staff strength.

Twinsburg, Ohio, which had proudly housed Chrysler’s stamping unit for the last 50 years, which was one the important landmarks of Summit County, saw the company’s plans to move ahead with its merger partner Fiat.

The city was sent into a state of sudden shock when the company announced its bankruptcy and decided to sell its stamping unit. Curious buyers have been making frantic enquiries since the announcement.

As per Chrysler, the heavy machines and robotics would be taken over by the new company. The other parts would be sold to the new entrant on the scene, Chrysler Group LLC. The costly and heavy machinery of the plant will remain in the plant, the main lure for the new employer.

This should be good news to the locals as it shows promise of some continuity in employment for some portion of the workers. The plant which hired more than thousand workers around the same time last year is slated to close by March and there will considerable reduction in staff strength by end of this year.

The new company promises to preserve the principles on which the old company worked. Next few months will see lot of changes in the city.

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