CHARLOTTE, N.C., Nov. 02, 2022 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a worldwide diversified industrial firm, at present introduced that President Joe Biden has invited NN, Inc.’s John Buchan, Executive Vice President, Mobile Solutions and Power Solutions, to attend an occasion celebrating the Infrastructure Talent Pipeline Challenge. The president will host the occasion honoring companies, educators, and non-profit organizations that assist expertise coaching of their communities.
Skills coaching is a key a part of NN’s individuals technique. In greater than 4 a long time in business, we have now educated and upskilled hundreds of staff. Our objective throughout the communities we function in is to lift the picture of producing, create a pipeline for expertise, and deal with key ability shortages.
“Skills training is a critical part of being an employer of choice and supporting American manufacturing,” mentioned Mr. Buchan. “I believe NN’s commitment to talent development is one reason more than 40% of NN’s US workforce has been with us more than 10 years.”
The Talent Pipeline Challenge was developed by the Biden Administration to focus on how communities can work collectively to assist put together residents for tomorrow’s jobs. By creating the problem, the administration seeks to particularly encourage corporations within the building, manufacturing, broadband, and electrical car industries.
Two main transitions occurring proper now are shaping each the necessity for workforce improvement in addition to NN’s progress technique. The automotive business is transferring from inside combustion engines to new propulsion applied sciences, and the electrical grid is changing into “smarter” and extra digitalized. These modifications current a social and business crucial for employers like NN to organize the workforce of tomorrow. NN is actively recruiting and coaching candidates to assist these new applied sciences.
Mr. Buchan seems to be ahead to attending the Talent Pipeline Challenge celebration on the White House at present.
About NN, Inc.
NN, Inc., a diversified industrial firm, combines superior engineering and manufacturing capabilities with in-depth supplies science experience to design and manufacture high-precision parts and assemblies for a wide range of markets on a worldwide foundation. Headquartered in Charlotte, North Carolina, NN has 30 services in North America, Europe, South America, and Asia.
Except for particular historic info, lots of the issues mentioned on this presentation might categorical or indicate projections of revenues or expenditures, statements of plans and aims or future operations or statements of future financial efficiency. These statements might talk about targets, intentions and expectations as to future tendencies, plans, occasions, outcomes of operations or monetary situation, or state different info referring to NN, Inc. based mostly on present beliefs of administration in addition to assumptions made by, and knowledge at the moment out there to, administration. Forward-looking statements usually can be accompanied by phrases resembling “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or different related phrases, phrases or expressions. Forward-looking statements contain a lot of dangers and uncertainties which might be outdoors of administration’s management and that will trigger precise outcomes to be materially totally different from such forward-looking statements. Such components embody, amongst others, statements relating to the deliberate administration transition, common financial situations and financial situations within the industrial sector, together with, however not restricted to, inflation, rising rates of interest and labor shortages; the impacts of the COVID-19 pandemic on the Company’s monetary situation, business operations and liquidity; aggressive influences; dangers that present prospects will start or enhance captive manufacturing; dangers of capability underutilization; high quality points; materials modifications within the prices and availability of uncooked supplies; provide chain shortages and disruptions; financial, social, political and geopolitical instability, foreign money fluctuation, and different dangers of doing business outdoors of the United States; our dependence on sure main prospects, a few of whom usually are not events to long-term agreements (and/or are terminable on quick discover); the affect of acquisitions and divestitures; the extent of our indebtedness; the restrictions contained in our debt agreements; our potential to acquire financing at favorable charges, if in any respect, and to refinance present debt because it matures; unanticipated difficulties integrating acquisitions or failing to acknowledge the anticipated advantages of divestitures; new legal guidelines and governmental laws; the affect of local weather change on our operations; cyber legal responsibility or potential legal responsibility for breaches of our or our service suppliers’ info know-how techniques or business operations disruptions; the power to draw and retain expertise, dangers related to the senior administration transition and figuring out a certified CEO, and different threat components and cautionary statements listed from time-to-time in our interval stories filed with the Securities and Exchange Commission. We disclaim any obligation to replace any such components or to publicly announce the results of any revisions to any of the forward-looking statements included herein or therein to replicate future occasions or developments.
For further info regarding such threat components and cautionary statements, please see the part titled “Risk Factors” within the Company’s periodic stories filed with the Securities and Exchange Commission, together with, however not restricted to, the Company’s Annual Report on Form 10-Okay for the fiscal yr ended December 31, 2021 and, when filed, the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2022. Except as required by legislation, we undertake no obligation to replace or revise any forward-looking statements we make in our press releases, whether or not because of new info, future occasions or in any other case.
FOR FURTHER INFORMATION:
Jeff Tryka, CFA
Investor Relations Contact
[email protected]
616-295-2509
