Location: Cinnaminson, NJ.
Based on news reporting.
TransAxle Cinnaminson has officially closed its operations in Cinnaminson, New Jersey, resulting in the layoff of approximately 150 employees. The closure comes as part of a strategic decision to streamline operations and reduce costs. Employees were notified of the layoffs effective October 1, 2023. This decision reflects ongoing challenges in the distribution sector, impacting the company's ability to sustain its workforce. The closure marks a significant shift for TransAxle, which has been a key player in the trucks, parts, and service industry in the region.
TransAxle Cinnaminson cut 150 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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