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.