The owner of a Greencastle manufacturing plant has notified state officials that it will lay off 202 employees starting in November.
The Greencastle plant is owned and operated by Dearborn, Mich.-based International Automotive Components Group, a global supplier of automotive door trim.
IAC told the Indiana Department of Workforce Development in a notice on Thursday that the cuts will occur in two stages—on Nov. 10 and again on Dec. 13.
“Two of our [contracts] are coming to an end,” IAC spokesman David Ladd said. “We don’t have anything in place to keep those employees working at this time, so we were forced to take this action.”
A separate contract being negotiated with another automotive company could enable IAC to call back the laid-off employees, Ladd said.
Like many auto suppliers, IAC has been hurt by the economic downturn. It let go 280 employees in May 2009 but later recalled them, he said.
About 350 employees will remain at the plant following the latest round of announced job cuts.
IAC has about 13,000 employees in 37 plants in the United States, Canada and Mexico, as well as interests in two Chinese joint ventures. The company had revenue of $3.2 billion in 2009, according to its website.