Parker Hannifin to Close Cleveland Plant

Parker Hannifin announced  on Wednesday that it is planning to close its plant in Cleveland, Ohio. The plant makes hydraulic couplers and valves for a variety of industries. Parker is planning to transfer the production its other U.S. plants. The workforce will be pared down gradually over the next few months, a company spokesman said.

A company official said in a news release that the move is largely due to the shaky economy.

“The unfortunate realities causing us to make this difficult decision are primarily the economic recession and the fact that our current volume levels for the division’s products cannot support all of the manufacturing facilities we have,” said Dennis Giesler, general manager of Parker’s Quick Coupling Division.

Closing the plant will cost around 150 jobs. Parker Hannifin has cut about 8,000 jobs worldwide in the past year as it deals with the effects of the recession. It currently has about 52,000 employees in 48 countries.

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