Production at the plant will move to Superior's other plants, including one Fayetteville and another in Mexico. The company says the closure eliminates 500 jobs and will generate a cost savings of $15 million. Superior's CEO Don Stebbins say eliminated employees will be offered severance packages and job placement assistance. Superior reports they'll spend an estimated $2.0-2.5 million on severance costs.
Superior operates five plants, including the plant slated for closure, in the U.S. and Mexico making aluminum wheels for passenger cars for car manufacturers including BMW, Chrysler, Ford, General Motors, Mitsubishi, Nissan, Subaru, Tesla, Toyota and Volkswagen.
The closing of the Rogers plant leaves Fayetteville as the company's only U.S.-based plant.
Mayor Greg Hines sent the following statement:
"This is a very unfortunate and unexpected loss to the city and the region. This underscores what I have been saying for the last several years, ….”it is just as competitive trying to keep the manufacturing jobs you have as it is to attract new ones.” The end result of this is most likely another example of America losing manufacturing jobs to other countries instead of other towns.
The reasons for the move, I suspect, are more likely a result of the ability to reduce costs by outsourcings the work to Mexico. It is unfortunate American companies are forced to make these hard decisions in many cases just to survive. Company officials have been very complementary about the Rogers Plant and the overall business- friendly environment in Rogers. Our thoughts and prayers go out to the workers and their families."