“The restructuring is an aggregation of previous actions that we reported to the Federal Government,” said JCI’s Glenn Ponczak of Financial Communication. “Cadiz is not included in that restructuring plan.”
Ponczak explained that the closings had been previously announced, and were “not incremental.” He said that no additional plants, beyond the 16 specified, would be closed at this time.
“The plants that will be closed are primarily in interiors. We are closing them due to low volume and the increased costs of commodities used in fabrication. No seating plants were included,” said Ponczak.
Ponczak also said that the 16-plant, 5,000 job restructuring plan may not reflect all the changes made within JCI. “This reduction is a consolidation of several changes within the company. Something like eliminating 15 jobs, but leaving a plant open may not be reflected in the restructuring concept.”
Local Plant Manager Mike Bolen referred inquiries to JCI Public Affairs Officer Debbie Lacey.
For the rest of this story, read this week's Cadiz Record.