A construction equipment manufacturer in Wilmington will be shutting down operations and laying off 92 people this year.
Terex Corp., based in Connecticut, notified the N.C. Department of Commerce to say it will close its Wilmington facility by Dec. 31.
The workers affected are in production and sales, with the first round of layoffs to happen Oct. 7.
In Wilmington, Terex did final manufacturing and assembly of cranes for sale and distribution in North America. Terex employs 18,000 worldwide makes cranes and other heavy equipment for construction, mining, energy and other heavy industries.
"While the economy is beginning to improve, our manufacturing capacity is greater than needed to meet foreseeable market demand," the company's letter said.