News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Lehmans

Akron General

Area Agency on Aging 10B, Inc.


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


In Timken's home, Stark County, the split causes concern
People fear it will go the path of Hoover, wonder about pensions and joint research
Story by M.L. SCHULTZE AND TIM RUDELL


 
Timken is forming a committee to oversee the split and answer questions about facilities and shared resources.
Courtesy of M.L. Schultze
Download (WKSU Only)
In The Region:

Timken Company officials have answered a lot of questions over the past 24 hours.

Timken will split bearings and steel operations into two companies. Revenue on the bearing side will be twice that of the steel side. It plans to remain in Stark County. And it thinks it has the human and other resources to make a go of it.

But in Stark County, where Timken has been headquartered for more than 100 years, people have more questions and concerns for which there are no answers -- yet. WKSU’s M.L. Schultze spoke with some of them.

LISTEN: Reaction in Stark County is concern

Other options:
Windows Media / MP3 Download (2:25)


Though Timken got its start and decades of business out of making roller bearings in Stark County, the steel operation now dominates employment here. And though a $1.7 billion steel business sounds big, to people like Don Ardelea, it’s not big enough.

 “With these major steel companies being swallowed up by Russians, the Chinese, the Mexicans (who) own Republic Steel, it would be easy for a takeover, … and that was my main concern right there.”

But not his only concern. Ardelea and his wife Nicki are shopping at the Strip off I-77, about a mile south of the Akron Canton Airport and the research center, where Timken is just about finished with a $42 million expansion.

“They just added onto Timken research so they could bring all their engineers under one roof. So you’re still going to have steel plant engineers and bearing plant under one roof. How are they going to divide that up.  

His wife doesn’t like the whole idea of the change and what it could portend.

“It’s been family owned for so many years. When the Hoover Co. sold off, look at what happened to them. We’re just going down and down and down further.”

Many here raise that specter of Hoover. It was another stalwart, family-dominated Stark County company that was sold nearly 30 years ago and shut down completely in 2007.

A retired electrical contractor, Chris Kellamis, is among those concerned about a similar path for Timken steel. And he’s concerned it could affect more than the 2,000 people plus who work at Timken’s Stark County operations now.

“Of course I’m a little concerned about the retirees who could lose their pension if someone comes in and buys the steel company. I have any friends who have many years in at the Timken Company and I kind of feel for them.”

In announcing the split, Timken notes that its pension plan will be fully funded by the end of the year. But the footnotes acknowledge unknowns could impact the pension funds future.

As for the research question, Timken says it doesn’t know yet which facilities will be used how, and what resources the two companies will share. But it is committed to remaining in Stark County.


More on Timken:
Timken’s two top executives, Chairman Ward J. Timken and CEO James Griffith, talked with WKSU’s Tim Rudell about the historic change for the landmark northeast Ohio company. 

LISTEN: Rudell talks with Ward J. Timken and James Griffith
Other options:
MP3 Download
(3:06)


Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Pluto: The Browns split from Manziel is long overdue
Get Brock Osweiler from the Denver Broncos! He's fantastic and seems like a great person.

Democratic Senate hopeful P.G. Sittenfeld pushes for local gun control
That makes no sense at all... why not let cities determine driving codes as well? Maybe Cincy want's folks to drive on the left side of the road. What could go ...

Exploradio: Autism in the workplace
I would love to get more information re: Autism on The Town and other such programs in Northeast Ohio. Thanks!!

Human trafficking cases rise in Ohio
It is about time this is presented to proceed with a plan of prevention..to protect our youth.And very necessary to inform communities through school, churches ...

Fermented food company aims to preserve Cleveland's farm-to-table movement
This is terrific! I make my own sauerkraut and consider it vital to good health. Well done, I wish you all success.

Ohio doctors get new guidelines for prescribing certain painkillers
I would gladly smoke pot to get off pain killers but its not legal.It would save the hassle of doctor visits for pill counts,pee tests,blood tests,driving to pi...

Ohio unemployment cuts are nearing a Statehouse vote
What about those that are laid off seasonally? My husband has been employed by the same company for 26 years and has been laid off (for the last 17) mid-Januar...

Ban on microbeads is a big step in fighting plastic pollution
What a bunch of liberal "so open minded their brains fell out" tree huggin yuppies. Professing to be wise they became fools.

Who's on -- and left off -- Ohio's medical marijuana task force?
Biggest joke everm these people are evil they know marijuana is harmless they rigged the polls last nov everypne kmows it

Dayton 'Black Lives Matter' protesters to appear in court today
Police to fast with the trigger finger and not the brain.A lot of police officers out here judge by color first instead of accessing the situation first. If a p...

Copyright © 2016 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University