A major German industrial company announced Monday it will shut down an automotive manufacturing facility in Indiana by late March 2025 as part of a broader restructuring effort.
Thyssenkrupp revealed in a Monday statement that its Terre Haute production facility will cease operations as the company overhauls its automotive division.
The company plans to consolidate its chassis manufacturing operations at its Ohio location in Hamilton, according to the announcement.
Approximately 320 workers are currently employed at the Terre Haute facility, which will undergo a gradual shutdown process, the company stated.
