Superior Industries International To Close Plant
Superior Industries International announced that it will be shutting down their manufacturing plant in Rogers, which will eliminate 500 jobs. This publicly traded company makes aluminum wheels for automobiles. The move is part of an “initiative to reduce costs and enhance global competitive position.” They expect to end operations by the end of this year. They will have production shifting to the other Superior facilities that are located in Fayetteville and Chihuahua, Mexico. The company expects to generate $15 million in labor cost savings year-over-year.
"This action follows a comprehensive review of the company’s cost position in what continues to be an intensely competitive environment," President and CEO Don Stebbins said in a news release.