There wasn't a lot of detail to go with this mass layoff notice. Here is htrnews.com with the story:
Thermo Fisher Scientific gave official notice Tuesday that layoffs at its downtown manufacturing facility likely will begin on May 12.Although I take note of this tidbit from the December story:
The layoffs of approximately 150 employees are expected to be completed within six months and will be permanent.
Thermo Fisher announced in December that it would be closing the wood manufacturing plant at 1316 18th St., after announcing the closure of its Columbus Street steel manufacturing plant about two months earlier.
Around 190 additional workers in Two Rivers will be looking for jobs next year. The second of two manufacturing plants owned by Thermo Fisher Scientific, the lab equipment maker is closing. Earlier this year, the company said it was closing its steel manufacturing plant by year’s end and moving the jobs to Mexico. Around 120 workers were affected. Jobs from the now closing wood manufacturing plant are being moved to Texas. “Our leadership team continuously evaluates our business operations in an effort to increase efficiencies and improve our global competitive position," Thermo Fisher Scientific Director of public relations Ron O'Brien said in the press release. The company says about 150 non-manufacturing jobs will remain in Two Rivers.So I guess it isn't too hard to conclude that globalization and corporate greed are the (usual) suspects here.