Sanford Manufacturing Plant Announces Layoffs
Posted September 5, 2001 8:54 a.m. EDT
SANFORD — Eaton Corporation
informed 300 employees at its Sanford plant Wednesday that production at the facility would be phased out during the fourth quarter, and that they will be laid off. Most manufacturing at the plant will be phased out beginning in October and ending in December, according to a press release.
The head of the Sanford chamber of commerce says it is one of the town's 10 or 15 largest employers.
Eaton will also sell its Sanford assets associated with its thermostatic expansion valve (TVX) product line to Parker Hannifin, according to the press release.
The plant has been producing about $30 million worth of climate control valves annually.
"The TVX product line no longer fits with Eaton's automotive business unit's strategic direction. We are focusing on engine air management, powertrain controls, and targeted safety products," said Ted Cox, vice president and general manager, Engine and Transmissions Control Division.
Eaton employs about 64,000 people in 25 countries.