Regal Beloit to Close Valparaiso Plant

Posted: Updated:
Plant workers have been on strike since June 30. (photo courtesy of Joseph S. Pete/The Times of Northwest Indiana) Plant workers have been on strike since June 30. (photo courtesy of Joseph S. Pete/The Times of Northwest Indiana)
VALPARAISO -

Wisconsin-based Regal Beloit Corp. (NYSE: RBC) is planning to close its plant in Valparaiso, where employees have been on strike since the end of June. Our partners at The Times of Northwest Indiana report at least 130 employees will be out of work as a result.

The manufacturer has informed the International Association of Machinists Local 2018 of the planned closure Tuesday. The facility makes bearings for helicopters and planes, including Air Force One, according to the publication. 

In a statement provided to Inside INdiana Business, Regal Beloit Vice President of Business Development and Investor Relations Robert Cherry said representatives met Tuesday with union officials and a federal mediator to continue collective bargaining negotiations. The company informed the union of its plans to "discontinue our operations at this facility, exit certain products and move the remaining work to our Monticello, Indiana, plant."

"This was not a decision that we made lightly, and a number of factors were considered including customer orders, inventory levels and overall plant efficiency," Cherry said. "We are committed to further discussions with the union within the collective bargaining process. We will continue to rely on our contingency plan in order to provide our customers with the highest quality products and service."

The Times reports workers voted 99-5 to go on strike due to wages a slow as $15 an hour and health insurance out-of-pocket maximums of up to $20,000 for a family. Regal Beloit reportedly turned down a proposal from the union for 75-cent an hour raises and an out-of-pocket maximum of $15,000.

The company did not say whether it would provide assistance to the impacted employees.

  • Perspectives

    • Creating the Work Spaces that Draw Talent to Indianapolis

      The future economy will be driven by data, powered by robotics and heavily invested in the building blocks of nature – biotech and genetic engineering. That’s true of the economy nationwide, and it’s especially true here in Indianapolis, where dominant pharmaceutical and biotech companies are putting us at the cutting edge of the science-based economy. It all sounds larger than life. But the facilities that will house these industries will always be...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • Elizabeth Head is the head of school at ISI.

      International School Launches Capital Campaign

      The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    • (image courtesy of BHI Senior Living)

      Officials to Break Ground on Senior Community

      An Indianapolis-based developer of senior living communities is breaking ground Wednesday on a $20 million expansion project of its Hoosier Village. BHI Senior Living executives, along with Zionsville city leaders, will toss a ceremonial shovel of dirt on the addition of the existing 300-acre campus.

    • Photo courtesy of Bristol Parks

      Startup Plans to Add 250 Jobs By 2021

      A metal forming startup is seeking to use a facility in Bristol that has been empty since 2017 for a major manufacturing operation. The Elkhart Truth reports Brinco will invest $52 million in the project and add 250 jobs.