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N. Side foundry to close in 2013
TweetParker Hannifin Corp. to phase out 50 workersBy Karl Henkel
YOUNGSTOWN
A Parker Hannifin Corp. foundry on the city’s North Side will close early next year, the company said Monday.
The company said it will phase out 50 employees from its foundry, which makes metal castings at 1755 Logan Ave., during the next 15 months.
“The foundry is not running as an economically viable option,” a company spokesman told The Vindicator. “It would need a substantial investment to work at proper levels.”
The Cleveland-based company said it will help the 50 employees find new work and will offer severance packages pending a discussion with a bargaining-unit representative.
The workload from the foundry will be shifted to another U.S. facility, the company said, though at present time it is unclear whether it will be a Parker Hannifin facility.
The company also said that 34 employees not part of the foundry but with a cluster of Parker Hannifin businesses near the Logan Avenue foundry will be shifted to other company locations.
Those facilities include its Mobile Cylinder Division, commercial offices and an engineering center.
A representative for the workers could not be reached to comment Monday afternoon.
Parker Hannifin, which employs more than 4,000 in Ohio, bought Commercial Intertech in 2000.
Before that, the company was known as Commercial Shearing Corp.
Parker Hannifin’s sales topped $12 billion last year. The company last month lowered its annual earnings projections from $7.25 to $7.85 per share to $6.90 to $7.30 per share.
By Karl Henkel
YOUNGSTOWN
A Parker Hannifin Corp. foundry on the city’s North Side will close early next year, the company said Monday.
The company said it will phase out 50 employees from its foundry, which makes metal castings at 1755 Logan Ave., during the next 15 months.
“The foundry is not running as an economically viable option,” a company spokesman told The Vindicator. “It would need a substantial investment to work at proper levels.”
The Cleveland-based company said it will help the 50 employees find new work and will offer severance packages pending a discussion with a bargaining-unit representative.
The workload from the foundry will be shifted to another U.S. facility, the company said, though at present time it is unclear whether it will be a Parker Hannifin facility.
The company also said that 34 employees not part of the foundry but with a cluster of Parker Hannifin businesses near the Logan Avenue foundry will be shifted to other company locations.
Those facilities include its Mobile Cylinder Division, commercial offices and an engineering center.
A representative for the workers could not be reached to comment Monday afternoon.
Parker Hannifin, which employs more than 4,000 in Ohio, bought Commercial Intertech in 2000.
Before that, the company was known as Commercial Shearing Corp.
Parker Hannifin’s sales topped $12 billion last year. The company last month lowered its annual earnings projections from $7.25 to $7.85 per share to $6.90 to $7.30 per share.
Comments
The unions have killed ANOTHER local location of a national corporation.
If you fail to understand the unions made this compamy noncompetitive, you are living in the Democrats liberal dream world that has crushed this area.
Post Office: say NO to the unions!
Parker Hannifin employees: tell your company you will ALL quit the union.
STAND UP to the cancer of the unions
and companies will have reasons to return.
I am actually surprised that Parker-Hannifan continued the operations at the foundry after they purchased Commercial. This type of manufacturing is not one of their strengths and can best be outsourced to a company that can provide castings more economically.
The official end of the north side,What a shame.
That neighborhood really didn't need another blow. Hopefully it doesn't turn into another abandoned facility.
superstar Great post
Umm, this doesn't seem to be about unions at all, though there are plenty of blowhards who bring stuff like that to articles about closings that aren't due to unions period.
Blowhards, blow blow blow.