Mitsubishi transformer plant hopes to preserve majority of jobs in sale
Mitsubishi Electric Power Products is negotiating a sale of the Memphis transformer plant in which officials hope to preserve a majority of jobs.
The Pennsylvania-based unit of Japanese industrial giant Mitsubishi filed a notice with the Tennessee Department of Labor and Workforce Development Tuesday, Nov. 12, of a planned January plant closing that would affect 160 jobs.
“We really have no further comment until our negotiation concludes with a potential buyer,” the plant’s general manager Joe Durante said.
“As part of our ongoing negotiation with a third party, continued employment for our workforce is important,” Durante said.
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