Maysteel To Close WI Factory, Cut 165 Jobs
MENOMONEE FALLS, Wis. (AP) — Maysteel says it will close one of its Menomonee Falls factories, eliminating 165 jobs and relocating another 25.
The Menomonee Falls, Wis.-based company makes electric power parts. The company said Tuesday it will close the local plant by the end of the year.
Maysteel says it will open a new assembly plant in Racine County in the next four months, and it will buy another factory in Creedmoor, N.C. that has 90 employees.
The company says it will keep its headquarters in Menomonee Falls, where it will also continue to maintain its plant that makes electric power products.
Mayfield closed its plant in Columbus, Wis. earlier this year, cutting 89 jobs.
The changes will bring the company's Wisconsin work force to about 500 workers.