Cequent Details Pullout in HuntingtonPosted: Updated:
A Michigan-based trailer accessory manufacturer is planning a series of layoffs as it looks to close a northeast Indiana facility. In a letter to the state, Cequent Performance Products Inc. says it will start by letting nine workers go in Huntington around the end of August. They intend to lay more off in September and November and ultimately shut down the plant by the end of the year.
You can read the full notice to the state by clicking here.
In November, Cequent's parent company, TriMas Corp. (Nasdaq: TRS) announced it would move production from a Goshen facility to Mexico.
At the time, they also indicated the plan to consolidate the Huntington warehouse into an existing Michigan operation.
Sources: Indiana Department of Workforce Development, Inside INdiana Business, TriMas Corp.