Advertisement
News
Advertisement

Franklin Electric To Move 125 Jobs To Mexico

Tue, 06/21/2011 - 4:28am

BLUFFTON, Ind. (AP) — Franklin Electric Co. Inc. said it plans to close an Oklahoma City factory and move the equivalent of 125 jobs, primarily to a facility in Linares, Mexico.

Franklin Electric, which makes systems and components used to move water and automotive fuels, said it will move some of the 260,000 annual man-hours of work to another Oklahoma City facility.

The moves should be completed by the end of the first quarter of 2012.

Franklin Electric said it expects to record pretax charges of $2.6 million to $5.2 million in 2011 and 2012 because of these and other actions — including writing down assets at its Siloam Springs, Ark., facility, which also is closing. Of that total, $1.2 million to $3.5 million will be related to the most recently announced closing.

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading