eBearing News - Torrington Cuts 50 More Jobs From Salary Workforce

Torrington manufactures bearings under the Torrington, Kilian and Fafnir brands. The company was founded in 1866, and still keeps its corporate headquarters in Torrington, Connecticut. They currently employ approximately 10,000 workers in 20 manufacturing plants and 50 offices throughout the world. After this past week's layoffs, employment at the corporate headquarters has fallen below 1,000.

In April, Torrington cut 180 positions, 60 of which were salary positions, primarily in the automotive division.

[ click here to read about the April job cuts ]

Last week's cutback was all salary positions, 25 in the company's Torrington, Connecticut headquarters and 25 at other locations. Some layoffs came in the general staff and the remainder from industrial bearings. Automotive bearings, which has already been hard hit by layoffs this year, was not cut any further.

Donald Bodell, Vice President - Industrial, said, "This has been a challenging year for our division and the entire company, and we have to adjust to the current economic realities. While we have been working hard to reduce inventory and costs, I regret we can no longer avoid taking action to balance our employment level with current and projected conditions."