AURORA, Ohio—Eaton Corp. plans to close its Aurora hydraulics plant by February 2017, the power management company said in an emailed statement emailed on April 12. The plant employs 150 people.
Eaton, which is based in Dublin, Ireland, but has substantial operations in Beachwood, Ohio, said the decision to close the plant was “the result of a continuing decline in the global hydraulics business and markets served by this facility,” according to the statement, and is not a reflection on the employees.
The closing is part of the company's three-year, $400 million restructuring program. In February, Eaton also announced plans to close its hydraulics plant in Berea, Ohio, laying off about 100 employees.
The Aurora plant makes thermoplastic hose and tubing for a variety of markets, including industrial, beverage and oil and gas, the statement said. It was acquired in 2006 as part of Saint-Gobain Performance Plastics Corp.'s Synflex Hose and Tubing business. In 2013, the Aurora plant was one that received investments and was targeted for growth.
Eaton said advanced notice is being given so employees can plan for the future. Eligible employees will be offered the company's severance package, including outplacement services.