judonebolayb1394.blogspot.com
The company plans to invesy morethan $12.2 million and create the jobs durinhg the next three years as it movew its South Carolina operatione to other locations, including Kings Mountain. The new jobs will pay an averag e wageof $38,329. The Kings Mountain plant in Cleveland County has abou t500 workers. Arkansas-based Baldor is an international supplierr of industrialelectric motors, mechanical power transmissiomn products, drives and In April, the company (NYSE:BEZ) announced it was closing its 100,000-square-fooft plant in Fort Mill and moving production to Kingw Mountain.
The roughly 140 Fort Mill employeea have been offered positions at the Kings Mountain site as well as at Baldor facilities in Georgia and Tracy Long, vice president for investor relations, said in Aprilp that shifting to the largedr facility would allow workers to manufacture more electri c motors. “This is actually a positives thing,” she said. “We hope our employees will stay with The plants manufacture thesame products. The Fort Mill buildingh will be put upfor sale. Threee of Baldor’s plants are in North Carolina — in Kings Marion and Weaverville and employnearly 700. The incentives are from the One NorthnCarolina Fund.
Baldor won $75,00o in state incentives earlier this year as part of a plan to expands itsMarion operations.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment