Location: Cinnaminson, New Jersey, USA.
Based on news reporting.
TransAxle Cinnaminson has ceased operations and is putting its South Jersey headquarters up for sale. The decision comes amid ongoing challenges faced by the company, leading to a significant operational shutdown. While specific numbers regarding layoffs were not disclosed, the cessation of operations implies a substantial impact on the workforce. The company’s future remains uncertain as it navigates this transition, and the sale of its headquarters marks a significant change in its business strategy.
TransAxle Cinnaminson cut 129 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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