ROGERS (KFSM) – Superior Industries announced that it was going to close its Rogers plant at the end of 2014, according to a news release.
The aluminum wheels manufacturer said it was closing the plant as “part of an initiative to reduce costs and enhance its global competitive position,” the release states.
The closure will result in production being shifted to other Superior manufacturing plants, including one in Fayetteville and one in Mexico, according to the release.
This move is expected to save $15 million in labor costs every year, resulting from the company cutting 500 employees, the release states.
Superior Industries expects severance costs to be approximately $2 million, according to the release.