Caterpillar closing Summerville plant, affects 280

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CHARLESTON, S.C. (AP) — Caterpillar says it plans to close its Summerville remanufacturing plant next year, a move that will put 280 people out of work.

The Post and Courier of Charleston reports (http://bit.ly/ZNwz6f) the company said Monday that the decision came after an extensive strategic review of the business.

The factory tears down, recycles and rebuilds heavy-duty transmissions and related components for original equipment makers, which then resell the parts to aftermarket buyers.

Full-time Summerville employees will receive severance packages, and the company said it plans to work with agencies that provide outplacement services.

Caterpillar has other plants in Sumter and Greenville, and a logistics operation in Fountain Inn.

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Information from: The Post and Courier, http://www.postandcourier.com

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