An automotive components manufacturer has announced plans to lay off 125 workers at its Greencastle facility. In a notice to the state, International Automotive Components said the move is due to “unforeseen business circumstances.”
IAC Greencastle says the layoffs will begin on or around December 10 and are expected to be permanent. The news comes just five months after the company detailed plans to lay off 93 workers.
The company did not specify whether the affected employees will receive any kind of assistance. According to the WARN Notice, some employees may have bumping rights and bargaining unit employees are represented by the United Auto Workers Local 2382.
Inside INdiana Business reached out to International Automotive Components Group North America, which is headquartered in Michigan, for more information on why the layoffs are taking place, but the company did not respond.
This story will be updated as more information becomes available.