
Shiloh Industries Inc will shutter permanently its Liverpool Manufacturing Plant this summer, putting 111 employees at the Medina County operation out of work.
Valley City based Shiloh notified the state via a required Worker Adjustment and Retraining Notification Act filing, that it will close the plant. The company in March told the state that it was laying off 83 workers from its Medina Blanking Division, although those layoffs were termed temporary.
Shiloh which primarily supplies US domestic automakers and their vendors has been hit hard by declining auto sales. For the fiscal first quarter ended January 31, the company’s sales were down 53% to USD 63 million from USD 134.9 million in like quarter a year earlier. Shiloh lost USD 6.1 million for the quarter. The company has not yet reported financial results for the second quarter ended April 30.
Shiloh told the state the closure of the Liverpool plant was due to the sudden, unforeseeable and unannounced suspension of manufacturing operations by two of our major customers.
(Sourced from crainscleveland.com)










