Texas Instruments phasing out over 500 jobs in Sherman

SHERMAN, Tex. (KXII) - Texas Instruments is shutting down it's Sherman factory. The second oldest location in the state will be phasing out more than 500 jobs in the next three to five years.

"If they close the plant it's going to be everybody." Janie Bates said. "It's going to be from the entry-level to management."

The company says they are choosing to focus on newer technology, and the Sherman factory does not have the scale, infrastructure or efficiency to be upgraded.

While the news comes as a shock to many, city officials hope skilled TI workers will encourage any big companies who may want to come to Sherman.

"I think that's always a great opportunity, for somebody who wants to get into this area, there is a great workforce, and a great community as we all know, it may be a great opportunity for someone else," said Eddie Brown, CEO and president of Sherman Chamber of Commerce.

"TI workers, they're a skilled set of people, they're great employees that's why TI has them," said Councilman Josh Stevenson.

Stevenson says Sherman is seeing record-low unemployment.

"One of the reasons why we have SEDCO, and we do economic development is so that our economy is strong enough when something like this happens, we can weather through the storm," Stevenson said.

Janie Bates with Workforce Solutions encourages all TI workers to visit any one of the Texas workforce stations in Texoma.

"We help with stress management, financial management - I know exactly what that's like when you find out oh wow you're jobs going away, it is stressful," Bates said.

TI says they plan on offering many employees jobs in other Dallas-area manufacturing sites or severance packages based on their positions.