Employees had tried since the initial closing announcement in January to find ways to make the plant more efficient.
GE spokeswoman Kim Freeman told The Herald-Times of Bloomington yesterday that "We just couldn't close" the cost gap.
While Freeman said the plant suffered from rising material costs and falling demand for the side-by-side models it manufactures, Bill Mitchell, president of International Brotherhood of Electrical Workers Local 2249, said employees also couldn't compete against the low-wage environment created by NAFTA.
The plant employs nearly 900 workers, 60 percent of whom can seek retirement packages when the plant closes.
GE said it gave workers a lengthy notice of the closing and will provide job counselors to help them find new jobs.
The Monroe County Economic Development Commission is considering a study of the potential for employees to own and operate the plant.