Schrader Electronics Moving Operations To China/Mexico
SPRINGFIELD TENNESSEE: (Smokey Barn News) – Sensata – Schrader Electronics located on Evergreen Dr in Springfield announced today that they will be relocating their manufacturing facility in Springfield to China and Mexico. The move will displace about 300 employees.
Schrader manufactures tire pressure monitoring devices. Sensata Technologies acquired Schrader Electronics for a total enterprise value of $1.0 billion in August of 2014.
“In particular, we are concerned about the well-being of the nearly 400 employees who have been a major factor in the growth and success of this operation which has been a phenomenal source of job creation in our community,” said Margot Fosnes, President & Chief Economic Development Officer Robertson County Chamber of Commerce.
“The economic development staff of the Chamber will be working with the Tennessee Department of Economic and Community Development and other partners like Workforce Essentials to assist in the transition to new employment for estimated 300 employees who are expected to be displaced. It is fortunate that we are at a time where jobs in the county are plentiful and other businesses are expanding, and we hope that this will ease the difficulty created by the closure, Fosnes said.
“The local management team and employees of Sensata – Schrader have been tremendous community citizens, participating in a number of programs supporting our community and our schools. We want to express our deepest regrets that they now find themselves in this situation, and our best wishes that they will find new positions within the Robertson County community.”
Robertson County Mayor Howard Bradley had this to say about the move, “We are shocked and saddened to hear of Schrader Electronics’ departure from Springfield. This will have an enormous impact on nearly 400 employees as well as this community.
“While we understand the economics of the company’s choice to relocate to locations in Mexico and China, we are immensely disappointed in the decision.
“However, we are fortunate that our local economy is robust enough to provide employment to the vast majority of those being impacted by the company’s departure.
“The mayor’s office, the Robertson County Chamber of Commerce and Workforce Essentials stand ready to help those employees, and their families through this difficult time.”
The company released the following statement regarding the move.
“This morning, we announced to employees that the Company will be consolidating all Tire Pressure Monitoring Sensors (TPMS) production for the Americas from the former Schrader plant in Springfield, TN to Aguascalientes, Mexico and Changzhou, China by the end of 2017. Please know that this decision was not taken lightly and included extensive deliberation and analysis. The Company is hopeful that giving affected employees more than 18 months’ notice will allow them the time needed to make personal plans. Employees will be eligible for separation benefits and career transition assistance.
“Against the backdrop of a challenging and increasingly competitive environment, consolidation of production in a larger Sensata facility will provide economies of scale and efficiencies that will enable Sensata to continue to meet customers’ quality, delivery and price requirements.
Please know that this move is in no way a reflection on the quality of the Springfield workforce. I also want to add that we are petitioning for local and national support and are doing everything that we can to assist impacted employees,” Alexia Taxiarchos Global Communications Director, Corporate Communications Sensata Technologies
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I just dont get it. Murfreesboro it growing and expanding. Home values going up and a great city 10 year outlook. Springfield seems to be in a huge downward spiral. We have so much land here, why arent we romancing the big hitters that bring high paying jobs and growth? I used to be against the whole growth thing, wanting to keep Springfield small and sweet. But instead it turned into small and ghetto!
My heart goes out to each and every one of these employees and their families. Its nearly impossible to make ends meet on the low paying jobs around Robertson County. Then add to it HUGE medical insurance with HUGE deductibles.
What do you think will happen to the high crime rate with 300-400 more people without jobs??????