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Barnes Group plans to close Bristol plant, cites shift to electric vehicles a factor

Barnes Group announced that it plans to close the production operations at its Engineered Components facility in Bristol, Connecticut, which has a manufacturing focus of producing transmission springs and washers.
Per multiple reports, the demand for such products has declined as there is more production of electric vehicles that do not need those parts. The company also cited supply chain issues and inflation as factors.
The plant, which has some 95 employees, is expected to be completely closed by mid-2023. Work performed at the facility will either be transferred to other Engineered Components manufacturing locations or permanently discontinued.

Read 349 times Last modified on October 5, 2022