Plant On Brink of Closure: ; S.C. Stamping Plant Owner Cites Labor Costs, Credit Woes, Dwindling Business From U.S. Automakers

Summary


DAILY MAIL BUSINESS EDITOR

The South Charleston stamping plant will likely cease production in October and close by the end of the year, the owner said today.

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Extract


Plant On Brink of Closure: ; S.C. Stamping Plant Owner Cites Labor Costs, Credit Woes, Dwindling Business From U.S. Automakers

Union Stamping & Assembly Inc. said its principal customers, General Motors and Freightliner, have agreed to provide it with financial assistance for a short time while work is transferred elsewhere.

The plant has an annual payroll of...

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