The closure of the plant will be completed by the summer of 2016, as the elevator company consolidates manufacturing at its facility in Middleton, Tenn.
TORONTO—The elevator division of ThyssenKrupp is closing its Toronto manufacturing operations, with the loss of about 165 jobs.
ThyssenKrupp Elevator Americas said the phased closure of the Northern Elevator plant in Toronto will be completed by the summer of 2016 as it consolidates manufacturing at its facility in Middleton, Tenn.
The elevator company will continue to employ more than 1,600 people elsewhere in Canada, while 2,750 people work for other ThyssenKrupp companies in this country.
“This was not an easy decision and comes after an extensive review of our business,” Rich Hussey, president and CEO of ThyssenKrupp Elevator Americas, said in a release announcing the closure.
“By consolidating manufacturing operations, we can more efficiently provide high-quality products and customer service while expanding our engineering focus.”
It said customers have asked us better technical support and field operations assistance in the region and that by restructuring “we can meet their needs.”