GLASGOW, Ky. (AP) — Dana Corp. employees in Glasgow have learned the plant will close by mid-2017.
The Glasgow Daily Times (http://bit.ly/1QolfBZ ) reports the company plans to reduce employment by half by the end of the year. The plant employs 203 people and produces gear sets, shafts and secondary gearing components for commercial vehicles.
Dana Holding Corp. spokesman Mark Burd said the reason for the closure is deterioration of the commercial vehicle market.
A notice filed with the state on Tuesday said Dana will let 191 employees go as a result of the plant closure. Burd said the facility employs 186 hourly workers and 17 salaried workers, though some are currently laid off.
Burd said employees will be eligible for severance pay, and some may relocate to other Dana facilities.
The plant was built in 1972. Dana acquired it in 1998.
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Information from: Glasgow Daily Times, http://www.glasgowdailytimes.com