As managing editor of The Cincinnati Enquirer is reporting today that Milacron Inc. this morning announced two-week furloughs and temporary pay cuts for most of the 950 employees at its plants in Batavia and Mount Orab, Ohio.
The paper quotes spokesman Al Beaupre: “The purpose is to save people and jobs. Our injection molding business in North America has been negatively affected by higher oil and resin prices and the problems within the automotive supplier network.’’
According to the report, about 800 employees within the injection molding business will be on two-week furloughs without pay in a staggered schedule over the next 16 weeks. Workers who make extruders and blow molding equipment are not included in the temporary cuts.
In an apparently unrelated move, earlier this week Milacron announced that Karlheinz Bourdon, a 15-year veteran of Milacron Inc. who was replaced as president of global plastics machinery late last year, is leaving the company to pursue other interests. Also, Milacron will announce its fourth-quarter and year-end results on Friday.