Cequent Trailer Products will be closing its plant in Mosinee, Wisc., later this year, a move that could impact around 200 workers.
The Wausau Herald reported that Cequent will move production of its various lines of trailer jacks, winches and accessories from Mosinee to other facilities, according to Mike Szudarek, a spokesman for TriMas Corp., Cequent’s Bloomfield Hills, Mich.-based parent company. The move is part of a long-term strategy to make better use of existing resources in light of declining demand, he said.
“For the past few years, the economy has been going down, and there’s less demand for SUVs and the trailer products that tow boats,” Szudarek said.
Szudarek said he did not know how many employees will lose their jobs or whether any would be retained or transferred to other facilities. TriMas has nearly 5,000 employees at 70 facilities worldwide. In January 2008, Cequent had about 245 workers in Mosinee.
Even as the company prepares to move production elsewhere, it is forming plans to establish a technical center in central Wisconsin to handle engineering for Cequent’s existing product lines, Szudarek said. The Mosinee plant has employed about 20 engineers.
The plant is scheduled to close in the third quarter of 2009, Szudarek said.