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Indiana Company Closing Oklahoma City Plant (Jun 21, 2011)

OKLAHOMA CITY (AP) — A Bluffton, Ind., company that produces water and fuel pumping systems plans to close an Oklahoma City manufacturing plant.

Franklin Electric Co. Inc. says most of the work done at the facility will be moved to an operation in Linares, Mexico, and a small portion will be transferred to another Oklahoma City location. Officials said the transfers should be completed by next year.

Vice President and Chief Financial Officer John Haines said Tuesday that 125 positions are being eliminated at the plant that is closing. Haines said some employees at that plant will transfer to the other Oklahoma City facility.

The company last year eliminated 50 jobs at its Siloam Springs, Ark., facility. Officials said they expect to incur additional charges for the write-down of assets from that facility.

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