In response to current and expected market conditions, A.O. Smith announced plans to reduce operating expenses in the electric motor business with a 10 percent reduction of its salaried workforce, the shift of additional motor assembly and parts operations to Mexico, and consolidation of warehouse operations. The company reported third quarter earnings of $0.4 million or two cents per share on sales of $269 million.
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For plumbers in Flint, Mich., “it’s been a heck of a year,” said Harold T. Harrington, a master plumber and pipefitter working as the business manager for Flint’s United Association of Plumbers and Pipefitters, Local 370. Read more stories in 2017 March Issue.