Aerospace and materials maker Honeywell is closing another facility in Ohio, according to a Worker Adjustment and Retraining Notice (WARN) Act letter last month.
All 66 employees will lose their jobs at the facility in Fairfield, north of Cincinnati, with the first round of layoffs beginning Dec. 15, the notice said. The last of the layoffs will occur on April 30.
The Fairfield facility is the second site Honeywell plans to close in Ohio. Honeywell announced plans to shutter its integrated subsidiary facility in West Chester by the end of the year, according to a WARN notice dated April 21. All 223 employees at that site will also lose their jobs and the last round of layoffs is expected to be complete by Dec. 15.
Honeywell did not disclose why it was closing the two facilities but noted that the company will offer severance and outplacement assistance to the affected employees.
“These are not decisions we made lightly as we realize they, unfortunately, affect valued employees,” Honeywell told Manufacturing Dive in an email. “We appreciate the hard work and dedication these employees have shown in their time with Honeywell.”
While the General Dynamics supplier is closing two facilities, the company is looking to accelerate its growth, making it a priority, CEO Vimal Kapur said earlier this month at Morgan Stanley’s 11th Annual Laguna Conference.
The growth strategy also includes acquisitions, which Kapur said will be driven by business strategy instead of acquiring because “it’s a good idea.”
“We want to do acquisitions which meet the financial algorithm, and we can create value,” Kapur said.