Location: Cinnaminson, NJ.
Based on news reporting.
TransAxle Cinnaminson has closed all 16 of its facilities following a failed attempt to sell the company. This closure includes one location in Pennsylvania and marks a significant operational shift for the company. The decision to close the facilities comes as the company faces challenges in securing a buyer, leading to an uncertain future for its workforce. While specific employee counts affected by the closures were not disclosed, the impact is expected to be substantial given the number of facilities involved. The closures are effective immediately as the company restructures its operations.
TransAxle Cinnaminson cut 300 jobs as of October 1, 2023.
LayoffTalk has tracked 8 layoff events at TransAxle Cinnaminson since October 2023, affecting a combined 858 employees.
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