Auburn Foundry could cut 40% of workforce.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Fort Wayne Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, Journal Gazette, Fort Wayne, Ind., Auburn Foundry, Inc., Auburn, Ind., could lay off more than 200 employees (about 40% of its workforce) as it scales down production and relocates work between its two plants. According to the firm, weak prices for gray iron castings coupled with high costs for raw materials, labor and energy have made some segments of the company unprofitable. "We regret that it is necessary to confront the possibility of layoffs of this magnitude," said David Hunter David Hunter (July 21 1802 – February 2 1886) was a Union general in the American Civil War. He achieved fame by his unauthorized 1862 order (immediately rescinded) emancipating slaves in three Southern states and as the president of the military commission trying the , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Auburn Foundry Group. "We feel we have an obligation to warn our people of the potential." Following the transition, Plant 1 will make primarily ductile iron Ductile iron, also called ductile cast iron or nodular cast iron, is a type of cast iron invented in 1943 by Keith Millis[1]. While most varieties of cast iron are brittle, ductile iron is much more ductile, as the name implies. castings, while gray iron production will move to Plant 2. The transition work is expected to be completed by the end of March. Auburn Foundry employs approximately 500 people and produces gray and ductile iron castings for the automobile, thick, recreational vehicle and appliance industries. |
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