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Caterpillar Closes Summerville Plant, Affects 280

Tue, 04/30/2013 - 10:19am

CHARLESTON, S.C. (AP) — Caterpillar says it plans to close its Summerville remanufacturing plant next year, a move that will put 280 people out of work.

The Post and Courier of Charleston reports the company said Monday that the decision came after an extensive strategic review of the business.

The factory tears down, recycles and rebuilds heavy-duty transmissions and related components for original equipment makers, which then resell the parts to aftermarket buyers.

Full-time Summerville employees will receive severance packages, and the company said it plans to work with agencies that provide outplacement services.

Caterpillar has other plants in Sumter and Greenville, and a logistics operation in Fountain Inn.

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