CNH Industrial N.V. announced that it will close its assembly plant in Calhoun, Ga., in the third quarter of 2015.
CNH Industrial N.V. announced that it will close its assembly plant in Calhoun, Ga., in the third quarter of 2015. The facility produces construction equipment for CNH Industrial’s brands.
This company said the closure is necessary as it adjusts its construction operations based on current volumes and market demand, and is consistent with CNH Industrial’s long-term strategy to optimize its manufacturing footprint and achieve a lean, flexible industrial operation that delivers best-in-class response to the CNH Industrial brands’ customers around the world.
The company informed the workforce during a meeting at the plant. Approximately 120 employees impacted by this action may be eligible for benefits under the company’s separation or pay continuation plans and will have access to outplacement assistance