SPS Technologies Lays Off 250 Workers After February Fire

SPS Technologies, a key aerospace manufacturing company in Jenkintown, is laying off approximately 250 employees, about half of its workforce, following a massive fire that occurred in February. Montgomery County Commissioner Neil Makhija expressed the devastating impact on employees, many of whom had worked at the company for decades, and urged Berkshire Hathaway’s CEO Warren Buffett to provide expanded severance packages from the company's substantial cash reserves. The layoffs were announced after a thorough assessment of the fire's damage, which had led to significant operational disruptions. Affected employees will continue to receive pay and benefits until the end of May, and job fairs are being organized to assist them in finding new employment. The cause of the fire, which led to evacuations and shelter-in-place orders, is still under investigation, and a class-action lawsuit has been filed against SPS Technologies. Community leaders are actively seeking solutions to support those impacted and to discuss the future of the facility.