Norcold quitting the US

Aubrey

It's a shame about Norcold handing out layoffs before xmas, leaving the US. Seems the whole industry is in disarray. 

mgreen2

Norcold is owned by Thetford who is based in Michigan. 

Aubrey

Yep. But the news is yesterday all refrigeration manufacturing halting in the US. Ohio workers on 60 day notice. 

MuttonChops

Indeed, never good to see manufacturing jobs move off-shore.

 . . .  All 358 received 60-day “WARN” notices, required when a company plans on layoffs. Thetford’s official statement says, “The decision to close the Norcold locations and utilize the company’s global manufacturing capabilities was difficult, but necessary due to the current economic challenges and ongoing labor constraints.”  . . .

RVtravel article:

https://www.rvtravel.com/norcold-shut-refrigerator-manufacturing-rvt-1077b/

pthomas745

Thetford is owned by Monomoy Capital Partners since December 2021.  It appears to be a venture capital fund.

https://www.thetford-europe.com/gb/corporate-facts