TPMS sensor manufacturer Sensata Technologies is cutting 160 jobs in the town of Antrim, Northern Ireland. The news follows Sensata’s decision to close its Carrickfergus, County Antrim operation in January 2020. And this was part of a downward trend that saw the company cut 125 jobs in Carrickfergus in 2018.
As many as 275 jobs at Sensata Technologies (formerly known as Schrader International before the TPMS sensor business was bought by Sensata) are at risk after it was announced that 125 are being axed at the factory in Carrickfergus, Northern Ireland.
Sensata Technologies Holding NV, a wholly owned indirect subsidiary of Sensata Technologies BV, has agreed to buy TPMS Schrader group of companies from Madison Dearborn Partners, LLC for a total enterprise value of US$1 billion. Schrader is the global leader in tire pressure monitoring sensors (TPMS). According to the company, the transaction provides TPMS and additional low pressure sensing capabilities, adding to Sensata’s “industry-leading sensing position”. The transaction is subject to regulatory approval but is expected to close during the fourth quarter of 2014.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.