Gates Corp. to close rubber plant in SE Mo.
Friday, March 9, 2012
CHARLESTON, Mo. (AP) — The Gates Corp. plans to close its Gates Rubber Co. plant in Charleston, leaving 127 people in the southeast Missouri town out of work.
KFVS-TV (http://bit.ly/AzWC9v ) says the plant makes hydraulic hoses used in tractors and airplanes. Employees were told of the closure on Thursday, but a timetable has not been released.
Gates Corp. Executive Vice President Tom Reeve says employees will be offered a severance package. The company opened the Charleston plant in 1981.
Information from: KFVS-TV, http://www.kfvs12.com