70 layoffs expected at northern Indiana factory
Posted January 19, 2017 6:00 am
PERU, Ind. (AP) - One of the largest employers in a northern Indiana county plans to lay off about 70 workers and move some production to out-of-state factories.
Schneider Electric says it expects to make the job cuts at its Square D factory in Peru by late 2017. The company plans to move some production of power distribution panelboards to plants in Texas and South Carolina.
The Kokomo Tribune reports (http://bit.ly/2iXBXmf ) the layoffs will amount to about 15 percent of the Miami County factory's current 465-person workforce.
Schneider Electric says the production shift is needed to improve the company's competitive position.
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Information from: Kokomo Tribune, http://www.ktonline.com
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