SSI lays off 40 in auto parts division
The cuts came to the Sintered Specialties Division, which primarily supplies automotive parts, Corner said.
Corner said he is optimistic the lay-offs will be for a short time only.
“We can’t predict how long, but we’re optimistic, we’re hopeful, that we’re at the bottom of the cycle right now,” Corner said. “Hopefully we’ll be bringing them back over the next several months.”
The Controls Technology Division, which provides sensors for non-automotive industries, remains stable, Corner said. SSI anticipates growth in that division over the next 12 months, he said.
SSI employs just fewer than 300 people at two Janesville plants.