Premium Industrial NewsRate of Industrial Plant Closures in North America Likely to Remain High in 2012
Rate of Industrial Plant Closures in North America Likely to Remain High in 2012
Industry Segment: Industrial Manufacturing | Word Count: 963 Words
Attachment: IIR Chart - 2011 Industrial Plant Closures and Lost Jobs
SUGAR LAND--January 13, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--As the economy has slowly improved, the closure of industrial plants has become a booming business in North America. Dozens of plants are scheduled to close each and every month because of the unstable economy, and because many companies are discovering that they were capable of producing more with fewer facilities and workers. This has made the manufacturing process more efficient. In 2011, Industrial Info Resources tracked 540 industrial plant closures in North America, and looking ahead at the closures that are already planned for 2012, it appears as though the year has an opportunity to surpass 2011's total closure numbers.
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