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Midwest HVAC News

Regal Beloit Corporation Announces Plant Restructuring.

Regal Beloit Corporation (NYSE:RBC) has informed employees at its Springfield, Missouri facility of the Company’s decision to cease operations at the manufacturing facility, which employs approximately 330 employees. The Company will transfer the manufacturing of motors and components from Springfield to other Regal facilities in the US and Mexico over the next 18 months.

Regal has multiple manufacturing facilities that make various component parts and motors. The Company believes that consolidating the Springfield operation into existing Regal facilities will enable the Company to remain globally competitive, reduce variation between its manufacturing facilities and improve cycle times. The decision to close the Springfield facility is not a reflection on the quality of the Company’s employees in Springfield.

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Regal has a comprehensive benefits package for eligible employees affected by the plant closure, including a retention bonus and vision, medical and dental insurance continuation for a limited period of time. Regal intends to help affected employees make a successful transition from the Springfield facility to other employment, and will explore employment opportunities for affected employees in other Regal facilities, including several in Missouri, as well as assist with job searches within the community.

Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal’s common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.




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