The Timken Co. plans to close a 65-year-old Canadian plant and move work from there to Ohio, North Carolina and South Carolina. Timken said the St. Thomas plant was operating at about 20 percent of its capacity.
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The Timken Co. plans to close a Canadian bearings plant in St. Thomas, Ontario, next year and move that work to plants in Ohio, North Carolina and South Carolina.CLEVELAND, Ohio -- The Timken Co. plans to close a Canadian bearings plant in St. Thomas, Ontario, next year and move that work to plants in Ohio, North Carolina and South Carolina.
Built in 1946, the Canadian plant has about 150 workers. Canton-based Timken said the plant was operating at 20 percent of its capacity, so it made sense to consolidate its output with its U.S. plants.
Some of that work will come to Timken's Bucyrus plant in near Mansfield. Timken spokesman Dan Minnich said that because the small amount of work is being split between four U.S. plants, the company does not expect to add a significant number of jobs at any of its remaining bearings plants.
Closing the plant will cost Timken between $60 million in $70 million in severance payments to workers, payments into pension funds and site cleanup costs.
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