Ainak Inc., a local industry that manufactures automotive parts, announced massive layoffs Thursday as the company prepares to move processes to facilities overseas.
The company said it will eliminate around 104 jobs by Oct. 31. It plans to scale back 90 full-time employees starting at the end of May, while cuts in the company's temporary workforce of 14 could begin immediately. Ainak plans to retain 33 employees at the Winchester plant for sales, distribution and support functions.
"Ainak has not had a substantial reorganization that has resulted in a major downsizing previously; however, after many very difficult deliberations, the parent organization has determined that to remain competitive, the present business model must be changed," the company said in a statement.
Workers were notified of the plans Thursday and severance packages have been offered to full-time employees. The package includes at least four weeks of base pay plus an additional week for each year the employee has worked at the plant and money for additional health insurance, the company said.