A company that manufactures parking breaks for vehicles has officially served notice that it’s shutting down its factory in central Missouri’s Columbia.
OTSCON made its initial announcement back in April but made it official in a letter dated Monday to the Missouri Department of Higher Education and Workforce Development. The letter states that 160 OTSCON employees will lose their jobs when the factory closes in or around October 31st.
The earlier announcement cited a longer-than-expected recovery from the pandemic and “challenging global economic conditions” as reasons for shutting down.
The Columbia plant is the only OTSCON brake factory in the United States. The other is located in Mexico, and its parent company operates plants in Japan, South Korea, China, Taiwan, Thailand, India, and the Czech Republic.
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