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.
John Murawski has been a full-time newspaper reporter since 1991, with stints at Legal Times and The Chronicle of Philanthropy (both in Washington, DC), The Philadelphia Inquirer and The Palm Beach Post (in South Florida) before arriving at the N&O in December 2004. At the N&O he covers energy (nuclear, coal, renewable, efficiency), hydralic fracturing (or "fracking"), public utilities (both electric and natural gas) and health care. His beat includes Progress Energy, PSNC Energy, Piedmont Natural Gas, PowerSecure International, GlaxoSmithKline, Merck, Novo Nordisk, Pfizer, Biogen Idec and others. You can reach him at 919-829-8932 or
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The Barackalypse continues
Tue, 08/09/2011 - 14:24 — LibSlayerThe Barackalypse continues to lay waste to the American economy.