Friday, July 1, 2011

Plant Prospector: Franklin Electric to Shut Down Facility in Oklahoma City and Lay Off 125 Workers

Franklin Electric Co. will shut down its facility in Oklahoma City, Okla., by the end of March 2012, affecting 125 jobs.  The manufacturing facility, which makes water and fueling systems, will see most of its work transferred to a facility in Mexico.  Some work will also be shifted to another facility in Oklahoma City.

Franklin Electric Co. has grown from a small motor manufacturing company into a leading global provider of complete water systems and fueling systems.  Franklin Electric's principal markets include clean water systems, water transfer and grey water systems, and fueling systems.  Headquartered in Bluffton, Ind., Franklin serves all corners of the world with more than 14 manufacturing and distribution facilities.

Information is provided by the Plant Prospector. For more information on the product, follow this link

The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

No comments:

Post a Comment