Superior Wheels to Close Rogers Plant, Eliminates 500 Jobs

Published 07/30 2014 11:43AM

Updated 07/30 2014 01:31PM

ROGERS, AR (KNWA)- Aluminum wheel manufacturer Superior Industries International says it will close its local plant by the end of this year.

Production at the plant will move to Superior's other plants, including one in 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 the company will spend an estimated $2.0-2.5 million on severance costs.

Superior makes aluminum wheels for passenger cars and light-duty vehicles. It services manufacturers that include 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.

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