Peru factory which employs more than 300 will close
PERU, Ind. (AP) – Schneider Electric says it will close a factory in North Indiana, affecting 306 workers.
Mayor Gabe Greer says the conclusion of Schneider's Square D area will have a "big impact" on Peru. The company has cut over 120 jobs since 2017.
Kokomo Tribune reports that the Peru plant is making switch and switchboard, 85 kilometers north of Indianapolis. The company says production is being moved to other states and Mexico.
Schneider says the decision is in "response to competitive market dynamics and to meet customer needs".
Employees are represented by the International Association of Machinists and Flight Workers. Spokesman Tim Reimke says union officials were "blindsided" by the announcement on Friday. He says the association and the company are planning to meet this week.
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Information from: Kokomo Tribune, http://www.ktonline.com
