Greenlee Tool to close one Rockford facility
Greenlee Tool will close its facility on Research Parkway for good in the next six months, leaving several workers without a job.
23 News obtained a letter with information about the closing of the longtime business.
According to the letter, signed by Lloyd Everard, vice president of human resources, the company has a plan to help local employees transition. Some will receive severance packages.
Everard writes that increasing market pressures led to the decision. The company will move volume to its existing Elyria, Ohio, facility and outsource some of the other products produced at the local facility, 1222 Research Parkway.
The letter says the company will fulfill its obligation to union workers, but once those discussions are complete, production will stop. That is expected by August.
The company released the following statement in regards to the closure:
"This difficult decision is no reflection on the quality of our employees at the Greenlee facility, who have served our customers and the company well over the years. This is a business decision based on global competition and Emerson’s review of operations to manage costs, be competitive, and provide the best possible service to our customers. The Rockford factory manufactures hole-making and punch tools used by electricians, plumbers and others in construction. The Rockford plant closing is expected to be completed by August 2020, affecting 65 employees."