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Industrial board reports 333 jobs at risk after TMD sale; spec building draws strong interest
Summary
Commissioner Doug Cunningham told the Lincoln County Board of Commissioners that Toledo Molding & Die will close local operations on April 30, affecting 333 employees; the industrial board highlighted a nearly completed 100,000 sq ft spec building supported by a $3.5 million state grant and ongoing site-marketing success.
At the April 21 meeting, Commissioner Doug Cunningham presented the quarterly report of the joint city–county Industrial Development Board (IDB), opening with a notice that Toledo Molding & Die informed the county on March 23 that Angstrom Automotive will acquire TMD’s facilities and plans to close the Tennessee plant on April 30.
Cunningham said the Tennessee site employed 333 people as of March 23 and that the state’s rapid-response team organized an on-site job fair for affected employees the next day. IDB staff distributed event information to…
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