More Layoffs for TFS

Jason Sandefur

Textron Fastening Systems announced a second round of layoffs at its new plant in Greenville, MS. An additional 111 employees have been let go, reducing the staff to 170 hourly and 45 salaried workers at the $35 million, 308,000 sq ft facility. In Greenville, the company reportedly let go 80 workers in early February, saying production levels were not ramping up fast enough.
According to the Rockford Register Star, the layoffs resulted from a “rougher-than-expected transfer of work from Rockford to Greenville.” Seven heading and threading machines were reportedly returned to Rockford after workers at the Mississippi plant had trouble operating them.
The problems in Greenville have caused TFS to delay the closing of its Rockford factory for a third time in six months. The Samuelson Road facility, which employs about 300 workers, was originally scheduled to close last fall. Web: textronfasteningsystems.com �2005 FastenerNews.com