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One of Metaldyne Corp.’s area plants is cutting about 100 employees.
Fifty workers on temporary layoff from the Edon, Ohio, plant will be permanently cut Aug. 31, along with about 50 others who are still working, Metaldyne spokeswoman Marge Sorge said.
That will leave about 150 at the plant, she said.
Chrysler Group LLC “will be de-sourcing the Edon facility from their supplier base,” Metaldyne said in a notice posted Friday on the Ohio Department of Job and Family Services Web site. The plant makes wheel hubs for Chrysler, but the work will end Aug. 31, Sorge said.
The production workers being cut make $15.75 an hour, said Sean Wildrick, president of Local 715 of the United Electrical, Radio and Machine Workers of America, which represents workers at the plant. Union members in the skilled trades make $18 an hour, Wildrick said.
Plymouth, Mich.-based Metaldyne filed for bankruptcy protection in May. Since then, it’s been looking for buyers for its operating units.
The Edon plant is part of Metaldyne’s Chassis Group, as are plants in Greensboro, N.C., Mexico and Spain. Metaldyne signed a non-binding letter of intent to sell the unit to the private equity firm Carlyle Group, “but thus far (they) have been unable to come to an agreement,” bankruptcy records say.
Three companies have expressed an interest in the Chassis Group, and the bankruptcy court in New York will accept bids until 5 p.m. Friday, according to court records.
Assuming acceptable bids are submitted, a hearing to approve the sale of the group is scheduled for Aug. 4. The future of the Edon plant is riding on the proceedings, Wildrick said.
“It all depends on what happens,” he said.
Last month, Metaldyne sold much of its Powertrain Group, including a 187-employee plant in Bluffton, to a new subsidiary of RHJ International, which also owns Metaldyne’s parent company.
A Metaldyne plant with about 164 employees in Fremont also is part of the Powertrain Group, but it wasn’t part of the sale.
