05.06.2014 15:43:30
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Regal Beloit To Close Down 2 Facilities, To Cut 200 Jobs - Quick Facts
(RTTNews) - Regal Beloit Corp.(RBC), a manufacturer of electrical goods and power generation products, Thursday announced its decision to stop operations at Mt.Sterling and Winchester, Kentucky facilities. As a result 200 employees will be affected, the company said in a statement.
The company plans to shift the products and processes located at these facilities to other regal and non-regal facilities.
Regal believes that consolidating these operations will enable it to reduce variation between its manufacturing facilities and improve cycle times.
The company said its decision was not a reflection on the efforts of Regal employees.
The company plans to hold a meeting to discuss the impact of this decision in compliance with the National Labor Relations Act, and to provide a comprehensive benefits package for eligible employees affected by the plant closures.
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Regal-Beloit Corp. | 149,00 | 0,68% |