CTS Announces Restructuring Plans
Elkhart, Ind. Location to Transition into Research & Development Center
As part of a corporate-wide simplification strategy unveiled in 2013, CTS Corporation (NYSE: CTS) announced today that it will
implement additional organizational changes in North America.
Starting next year, CTS will phase out production at its Elkhart plant by mid-2018 and transition the existing location into a
Research and Development Center supporting the company’s global operations. Certain actions are also being taken at other locations
to simplify operations. Approximately 230 employees will be impacted over the course of the transition.
CTS met with impacted employees today and remains committed to working diligently with union representatives, elected officials
and civic leaders to identify opportunities for outplacement and retraining for the affected employees.
“We are committed to the fair and respectful treatment of all employees throughout this difficult transition process,” CTS CEO
Kieran O’Sullivan said. “We believe that these changes are in the best interest of our company, our customers and our shareholders
over the long term.”
The R&D team in Elkhart will remain dedicated to leading the advancement of CTS’ next generation products for automotive
customers. “We value our partnerships with the local community, our relationships with civic and business leaders and, most
importantly, our employees’ shared desire to innovate in Elkhart for more than 110 years,” O’Sullivan said. “We look forward to
continuing the commitment to excellence and innovation as the facility focuses on Research and Development.”
About CTS
CTS (NYSE: CTS) is a leading designer and manufacturer of sensors, actuators and electronic components to OEMs in the aerospace,
communications, defense, industrial, information technology, medical and transportation markets. CTS manufactures products in North
America, Europe and Asia.
For more information about CTS Corporation and its products visit www.ctscorp.com.
CTS Corporation
Nick Hajewski, 630-577-8865
Marketing Communications Manager
E-mail: Nick.Hajewski@ctscorp.com
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