Indiana factory that employs more than 300 set to close

Schneider Electric says it will close a factory in northern Indiana by the end of the year, affecting 306 workers.

Mayor Gabe Greer says the closing of Schneider's Square D site will have a "huge impact" on Peru. The company has cut more than 120 jobs since 2017.

The Peru plant makes switchgear and switchboard apparatus, 85 miles north of Indianapolis, the Kokomo Tribune reported. The company, based in Rueil-Malmaison, France, said production is being shifted to other states and Mexico.

Schneider said the decision is in "response to competitive market dynamics and to meet the needs" of customers.

Workers are represented by the International Association of Machinists and Aerospace Workers. Spokesman Tim Reimke said union officials were "blindsided" by the announcement Friday. He said the union and the company plan to meet this week.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.