Tuesday, April 30, 2013
Following an extensive strategic review of its remanufacturing operations in Summerville, South Carolina, Caterpillar Inc. today notified employees that it will close the Summerville facility. Over the last few years, the company has worked to position the facility to be more competitive; however, it has concluded that the Summerville facility is not viable as a long-term operation.
“This is not an easy decision, and we recognize this will impact our employees and their families, but after considering a number of options and alternatives, we have concluded we need to take this step,” said Greg Folley, vice president of Caterpillar’s Reman & Components Division.
“In no way does this decision reflect upon our employees’ hard work and dedication. They have demonstrated tremendous efforts to produce quality products for our customers. We will work hard to ensure the impacted workers have the support they need during this time,” Folley added.
The plant will conduct an orderly ramp down of production, and the current plan is to close the facility in mid-2014. The decision will impact approximately 255 full-time employees, and approximately 25 temporary workers, employed by various local agencies. Caterpillar’s full-time Summerville employees will receive severance packages, and the company plans to work with the appropriate agencies on outplacement services.