Maynard Steel to close Milwaukee plant
Milwaukee manufacturer Maynard Steel announced plans to close its facility and cut 77 jobs. The company has been in receivership since May after failing to sell its assets. Employee separations are scheduled to begin around December 4.
Maynard Steel will close its Milwaukee manufacturing facility, cutting 77 jobs by December 4. The 119-year-old steel casting supplier has been in receivership since May after a court-appointed receiver failed to sell its assets. The closure halts production of low-carbon steel castings for domestic aerospace, defense, and mining supply chains.
Filings submitted to the Wisconsin Department of Workforce Development on an October morning confirmed that employee separations begin around December 4. The 420,000-square-foot facility on South 27th Street has operated for more than a century in the United States.
