Sumitomo Rubber America, Inc. announced that the company has reached an agreement with the USW Local 135-L union on a separation benefits package.
In an official statement, the company said, “Sumitomo Rubber USA, LLC can confirm that the company has reached an agreement with USW Local 135L’s bargaining unit representative on a severance package. After negotiations, it will be available in the near future.” USW Local 135L and its members. ”
Approximately 1,500 Sumitomo employees were laid off due to the sudden factory closure last month.
According to a press release, the closure was made after “a thorough analysis of the complexities of the business, including increased material and logistics costs, aging infrastructure, intermittent financial performance, and changing market conditions. The decision was made after a thorough review of the viability of the facility.
The company says the closure will help ensure long-term sustainability.
State officials held a job fair Tuesday for affected employees. About 100 employers and manufacturers rushed to help displaced Sumitomo Rubber America workers. State leaders said the event taught employees skills such as resume writing and interview techniques, and helped put them on new career paths. The state hopes to hold another job fair next month.
