Maria Kacik | The Gazette
LIVERPOOL TWP. â€” Medina County will lose 111 manufacturing jobs this summer, a ripple effect of the struggling automotive industry.
Shiloh Industries Inc. announced this week it will permanently close its Liverpool Manufacturing Plant at 700 Liverpool Drive, putting 111 employees out of work. The company filed a notice with the Ohio Department of Job and Family Services on Monday about the plant closing, which Shiloh said will happen within two weeks after July 3.
A Shiloh official did not immediately return messages seeking comment Thursday.
In the documents filed with the state, Shiloh cites â€œsudden, unforeseeable and unannounced suspension of manufacturing by two of our major customersâ€ as a reason for the â€œaccelerated closureâ€ of the plant.
Shiloh Industries Inc.â€™s Liverpool Manufacturing Plant at 700 Liverpool Drive will be permanently closed sometime this summer, leaving 111 jobless. (Maria Kacik | Gazette)
According to Shilohâ€™s Web site, the company formed as a tool and die business in 1950 and built its Medina Blanking facility in 1986. The company manufactures first operation blanks, engineered welded blanks, complex stampings and modular assemblies for the automotive and heavy-truck industries.
This is the second layoff notice the company has filed this spring. On March 25, Shiloh told the state it would temporarily lay off 83 employees from its Medina Blanking Division. This time the layoff notice is permanent.
Shiloh announced in February it sustained a net loss of $6.1 million in this fiscal yearâ€™s first quarter, compared with net earnings of $1.6 million in the first quarter of 2008. Sales for the first quarter were $63 million, a reduction of 53.3 percent from the $134.9 million in the first quarter of fiscal 2008.
â€œWith the economic recession intensifying in the U.S. and around the world, the automotive industry in North America has slowed to 1991 sales levels, while the car and light-vehicle production has slowed in the last three months to levels we have not seen for over 25 years,â€ Shiloh CEO Theodore K. Zampetis said in a February statement.
In the first quarter, Shiloh reported reduced controllable expenses in the manufacturing, selling, general and administrative areas by $14.5 million, or 44.7 percent from the prior year. In addition, the company sold $900,000 in unused equipment.
â€œOur major customers shut down most of their vehicle assembly operations for most of the quarter, which caused us to rapidly respond and adjust our operations accordingly,â€ Zampetis said.
Contact Maria Kacik at (330) 721-4049 or email@example.com.