Deja Vu: Eaton Layoffs

Iowa hit by another round from power management company

Eaton Corporation, the power management company with divisions in hydraulic and mechanical power, has announced yet another round of layoffs. The company has a total of approximately 97,000 employees worldwide, so these moves don’t appear to have an impact on the company as a whole. However, many of them have been occurring in smaller cities and towns across the country where communities relied on Eaton’s manufacturing plants for employment.eaton

The most recent casualty of the conglomerate axe is Spencer, Iowa, a small city with a population of just over 11,000 in the northern region of the Hawkeye State. The Eaton Hydraulics plant there announced June 2 that it will lay off 70 workers—more than one-third of its workforce. Local news channel KTIV calls it “a tough economic blow” for Spencer.

The company said the first 23 of these layoffs will occur in late July, and the rest of them over the next nine to twelve months. Eaton’s Spencer facility manufactures hydraulic pumps and motors for use in mobile and industrial hydraulic applications. The company referenced its own and the industry’s full year of down markets in 2015 and an anticipation of that trend continuing this year as reasons for the decision.

Eaton employs about 180 people in Spencer. Worldwide, it has 99-thousand employees and sells products to customers in 175 countries. Iowa has been hit especially hard by the company’s layoffs in recent years, especially since the recession. Plant layoffs in Belmond and Shenandoah preceded the Spencer cuts.

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