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NN to Close Tennessee Shared Service Center

NN, parent company to NN Life Sciences, will close its shared services center located in Johnson City, Tennessee at the end of June 2019. The move supports the company's strategic focus on operational efficiency as it seeks to streamline services and reduce cost. An unidentified number of roles and functions will be retained through relocation and other arrangements.

Richard Holder, President and CEO, commented, "The associates in our shared services center have worked diligently to support the business, and we greatly appreciate their efforts. We always carefully weigh decisions that affect our associates and we will work hard to support all team members affected by this decision. This decision, while difficult, will make NN a more agile and efficient company moving forward and better positions us to execute on our strategic plan."

The Johnson City facility had served as NN's headquarters from 2014 until 2017, when plans were announced to relocate global headquarters to Charlotte, North Carolina for proximity to a national transportation hub with global accessibility.

NN, Inc., a diversified industrial company, combines engineering and production capabilities with materials science expertise to design and manufacture high-precision components and assemblies for a variety of global markets. NN Life Sciences manufactures single-use disposables, instruments and devices for orthopedic, endoscopy and drug delivery applications.

Source: NN, Inc.