SOUTH CHARLESTON, W.VA. -- Union Stamping & Assembly Inc. plans to shut down its 922,000-square-foot South Charleston stamping plant by the end of the year, according to reports published in the Daily Mail of Charleston.
The plant is closing because of several million dollars in losses last year and in the first part of this year, the company said. General Motors and Freightliner Corp., the company's biggest customers, will provide financial assistance to the plant while work is transferred.
Union Stamping, of Cleveland, is an independent supplier of stampings and assemblies. It acquired the South Charleston plant in December 2004 from the former Mayflower Vehicle Systems Inc.