Federal-Mogul Blacksburg Layoffs Continue
Resource from: CBCC Likes:2979
May 19,2009
Federal-Mogul Corporation (USA) continues cutting back the workforce at its engine bearing manufacturing plant in Blacksburg, Virginia.
In the past few months, 50 more hourly workers have been cut from the payroll there as U.S. auto industry troubles continues to ripple through Tier 1 and Tier 2 supplier ranks.
Opened in 1971, the vertically integrated Blacksburg operation manufactures high-volume engine bearings, bushings and washers for automotive and industrial applications. Markets are both OEM and aftermarket.
The factory complex covers 250,000 square feet on 50+ acres south of town.
Until 2006, the plant manufactured engine bearings. But in 2007, some manufacturing operations were moved to Blacksburg from the now-shuttered factory in St. Johns, Michigan. The move added bushings and washers to the product mix, part of a $12 million investment that was to have added 71 jobs.
A year ago, Blacksburg workers went on strike over wage issues. In 2005, when F-M was in bankruptcy, IAMAQ Local 2533 had signed a four-year, zero-increase contract -- but with an option to reopen wage negotiations after three years. In 2007, F-M was out of bankruptcy and the union exercised that three-year wage option. But a strike was called when no agreement could be reached. After a three-day strike, a new wage package emerged, raising 2005's frozen $16.06 hourly rate to $16.48 immediately, and to $16.90 in April 2009.
After these last 50 layoffs, F-M did not detail how many workers remain at Blacksburg, but eBearing has been told best estimates put employment there at just over 200, from 320 in 2008. As recently as 2004, Blacksburg employed well over 400, and at its peak the facility employed nearly 700.
()
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
