Trade Resources Company News Ball Said a Total of 245 Will Lose Their Jobs by The End of The Year

Ball Said a Total of 245 Will Lose Their Jobs by The End of The Year

Ball to Close Illinois Food and Aerosol Pack Plant

A total of 245 will lose their jobs by the end of the year, the firm said.

The Elgin, Illinois plant which is 481,000 square feet, opened in 1967 and produces aerosol and specialty steel cans as well as flat steel sheet used by other food and household products packaging facilities.

In a statement, Ball said the action will result in an after-tax charge of $21m and customers will be supplied from other facilities when the closure is effective in December.

The firm also said that the plant’s 245 employees will be provided with benefits, including outplacement and severance pay, in accordance with company policies and the effects bargaining process.

“Closing Elgin reduces capacity and, coupled with other changes within our manufacturing system, will enable us to maximize value in our existing business by supplying customers from a consolidated asset base and redistributing some manufacturing operations within our system,” said Michael W. Feldser, chief operating officer of the global metal food and household products packaging business.

Source: http://www.packagingnews.co.uk/news/ball-to-close-illinois-food-and-aerosol-pack-plant/
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Ball to Close Illinois Food and Aerosol Pack Plant