French company plans 70 layoffs at Indiana factory

One of the largest employers in an Indiana county plans to lay off about 70 workers and move some production to out-of-state factories.

Schneider Electric says it expects to make the job cuts at its Square D factory in Peru by late 2017. The French company plans to move some production of power distribution panelboards from the plant about 80 miles north of Indianapolis to plants in Texas and South Carolina.

The layoffs will amount to about 15 percent of the Miami County factory's current 465-person workforce, The Kokomo Tribune reported.

Schneider Electric says the production shift is needed to improve the company's competitive position.

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