BELLEFONTAINE, Ohio (Map, News) - German industrial conglomerate Siemens AG says it is closing a plant in Bellefontaine (behl-FOWN'-tin), leading to the loss of 434 jobs.
The layoffs will begin Jan. 5 and conclude by the end of March. The factory makes circuit breakers for commercial and industrial markets.
Spokesman Michael Krampe says the company's competitors have moved their production offshore and it's no longer cost-effective to make products at the Bellefontaine factory.
Siemens says no additional job cuts are planned at its other central Ohio locations, which include Columbus, Dublin and Worthington.
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