STRATFORD, Ont. — Hendrickson officials have reported the manufacturer will be initiating significant layoffs during the first quarter of 2007 at its spring plant in Stratford, Ont.
Based in Itsaca, Ill., Hendrickson has been a supplier for the transportation industry for more than 90 years. The manufacturer supplies truck and tractor suspensions, trailer suspensions, truck and trailer lift axles, bumpers and trim components and springs to the commercial transportation industry.
“We have seen some decline in the workforce over the past year due to normal attrition in both the salaried and hourly workforce, which should reduce the overall impact of the layoffs, the company said in a statement. However, because of the predicted significant decline in the heavy-duty truck market, approximately a 35% reduction of both salaried and hourly personnel will ultimately be required.”
A number of OEM truck manufacturers and their suppliers in the heavy-duty market have announced layoffs in the coming year as a result of an anticipated industry-wide drop in demand for heavy- and medium-duty trucks during the first half of 2007.
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