CANTON, Ohio — TimkenSteel announced Tuesday its plan to idle the company’s Harrison melt and cast assets in Canton, potentially impacting 100 hourly employees represented by the United Steelworkers.
According to a filing by the company with the United States Securities and Exchange Commission, Harrison operations will be idled late in the first quarter of 2021. In the future, all melting and casting operations will be done at the Faircrest location, also in Canton.
TimkenSteel said its rolling and finishing operations at Harrison will not be impacted. It’s also reviewing the potential use for the Harrison melting and casting facility, according to the news release.
The company estimates annual cash savings from the idling of Harrison’s melt and casting operations are between $15 million and $20 million.
Any positions that are eliminated will be reviewed and processed according to the union contracts, the company said.
TimkenSteel said the ultimate number of employees impacted is unknown at this time.