Regal Beloit to close two Kentucky plants
BELOIT—Regal Beloit Corp. will close two Kentucky plants, a move that will affect about 200 employees.
The Beloit-based company said Thursday in a news release the products and processes at the Mt. Sterling and Winchester plants will transfer to other Regal and non-Regal facilities.
John Perino, the company's vice president of investor relations, said the closures in Kentucky would have no impact on operations in Beloit.
Regal Beloit is a manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world.
Regal said it has multiple manufacturing facilities that make various component parts and motors. It said consolidation would enable it to remain globally competitive, reduce variation between its facilities and improve cycle times.
Regal will meet with the union to discuss the impact of this decision in compliance with the National Labor Relations Act.
It is the company's intention to provide a comprehensive benefits package for eligible employees affected by the plant closures. Regal said its goal is to help affected employees make a successful transition from their jobs to other work within the company or in the community.
Headquartered in Beloit, Regal Beloit has manufacturing, sales and service facilities in the United States, Canada, Mexico, Europe and Asia.