GRENADA, Miss. - As a part of a restructuring following the acquisition of ECO Group in 2007, Luvata has announced the planned closure of its Astro Air facilities in Jacksonville, Texas, by Aug. 1, 2008. According to the company, the decision has been made to rationalize assets and maintain consistent value to customers.
The plant produces heat exchangers for heating and air conditioning applications. The company said the closure, along with the restructuring of other North American manufacturing operations, will improve the company’s cost structure, capital utilization, and competitive position. Production will be transferred to other Luvata facilities located in Grenada, Miss., and Juarez, Mexico, impacting approximately 400 employees.
Luvata said it will make every effort to offer employees critical-skill positions created at the Mississippi location as a result of the closure. The company will assist other employees in finding alternative external employment for their job search and also offer severance pay based on tenure to full-time employees.
Feb. 27, 2008: Luvata to Relocate Jacksonville Production in Restructuring
February 27, 2008