TransAxle, a New Jersey-based remanufacturer of rebuilt hydraulics, drivetrain components and truck parts, will close all of its locations, laying off more than 200 workers nationwide, including six in St. Paul, according to the Minnesota Department of Employment and Economic Development.
The company, which was founded in 1979, maintains a location in St. Paul that employs a shop manager, mechanic, machinist and team leaders. All six workers will be let go.
In a letter to DEED’s rapid response team, company officer Richard Malagodi said TransAxle attempted to put itself up for sale “for some time” without success, and will instead lay off 80 workers at a dozen locations, most of them on the East Coast, between July 15 and July 29. Another 129 workers will be terminated from its four New Jersey sites in August.
An effort to reach a TransAxle spokesperson for comment on Friday was not immediately successful.
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