plant closing


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Noun1.plant closing - act of shutting down operation of a plant
closedown, shutdown, closing, closure - termination of operations; "they regretted the closure of the day care center"
References in periodicals archive ?
In a cabinet meeting the day before, Cllr David said the county was facing what was arguably the biggest shock to the local economy since the closure of the pits, with the Ford plant closing.
Adjusted earnings in 2018 excluded $5.0 million of after-tax restructuring and impairment costs related to a plant closing, and 2017 adjusted earnings excluded one-time charges related to U.
California's WARN law requires certain companies with more than 75 employees to provide 60 days advance notice of a plant closing or mass layoff involving 50 or more employees.
If a sufficient number of full-time employees are impacted, all employees affected by the plant closing or mass layoff are entitled to WARN notices.
Santa Cruz Sentinel and Santa Cruz Weekly reports indicated the plant closing would result in loss of 125 jobs and utility rate spikes underscored by Davenport residentsa water and sewer fees climbing 10 and 74 percent, respectively.
He isn't surprised by the plant closing, given what's happening to the auto industry, Duch said.
The plant closing follows others by Dow Jones in Illinois, Colorado and Florida in recent months.
Speaking from company headquarters in Corona, CA, investment director Patty Eisenhower said the plant closing is due to a decision to consolidate manufacture of tablets and capsules.
This is the second plant closing announced in the last two months by the Kansas City-based maker of Wonderbread and Hostess sweet goods.
Schulman estimates that the plant closing will generate approximately $5 million in annual savings beginning in fiscal 2004.
Non--recurring items included plant closing costs and the company's investment in Dairy.com.
As part of the plant closing, Tredegar will incur a third quarter charge of $3 million as well as an additional $1 million in future quarters related to employee-related costs and expenses related to the transfer of businesses.