ATLANTA (AP) — Wire and cable maker Superior Essex Inc. said Thursday it is in talks with groups representing employees at its magnet wire manufacturing plant in Chauny, France, about a possible closure of the facility.
The plant, which has about 130 employees, is operated by the company's French subsidiary, Essex SAS.
Superior Essex said in January it planned to consolidate and restructure its North American magnet wire business, as part of a worldwide cost cutting initiative. It closed a plant in Indiana and moved operations to Tennessee and Mexico facilities.
Shares rose 26 cents to $28.86 in afternoon trading.