GE Closing Capacitor Plant

Tuesday, November 26, 2013 @ 10:11 AM gHale

General Electric Co. is closing its electrical capacitor plant in Fort Edward, NY.

GE informed its 200 employees of its decision to close the plant and move operations to an existing manufacturing site in Clearwater, FL, where the company will create a new “manufacturing Center of Excellence.”

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The exact date for closure isn’t yet set, but it will happen no sooner than September 2014.

The 60-day decision bargaining period with United Electrical, Radio and Machine Workers Local 332 concluded Sunday after the company informed workers it was considering closing the plant.

The union presented a proposal to upgrade the equipment at the plant and cut positions through retirements. The union also asked for a 30-day extension to the decision bargaining period. GE rejected that request.

“Throughout the bargaining process we answered the union leadership’s questions and described Fort Edward’s difficult competitive situation. The proposal submitted by the union fell well short of the savings and efficiencies that would be generated by the proposed move to Clearwater – savings that are critical to the future of the business,” the company said in a news release. “The Fort Edward site has been losing money for several years and it has been difficult to win orders in an extremely challenging marketplace. To be competitive, GE Energy Management must reduce its costs.”

The company said it will work with employees through the transition to offer them other job opportunities within GE and provide comprehensive benefits.

GE said it will continue environmental remediation work on the plant site meeting its “environmental commitments to New York state.”

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