Miller Industries Laying Off 150 Workers

Miller Industries, the world’s largest manufacturer of towing and recovery equipment, announced Thursday it will cut about 150 jobs across three U.S. facilities as part of a cost-reduction plan.

The company cited declining sales and reduced orders as key reasons for the layoffs. CEO William G. Miller II said in a statement that the decision was “incredibly difficult” but necessary for long-term stability. “We understand the impact this will have on employees and their families,” he said, adding that financial and benefit assistance will be provided.

Miller reported retail sales dropped 20% last quarter, with order intakes down 30%. On an Aug. 7 earnings call, Miller pointed to tariffs, rising interest rates and higher ownership costs as major challenges. “Lower consumer confidence and tariff-related price increases have driven down demand,” he told investors.

The company, which had $1.26 billion in revenue in 2024, operates plants in Ooltewah and Greeneville, Tennessee; Hermitage, Pennsylvania; and overseas in England and France. It employs nearly 800 people in the Chattanooga area.

The layoffs mirror similar workforce cuts by other regional manufacturers, including Wacker Chemical and Astec Industries. Source: https://www.timesfreepress.com