- Associated Press - Thursday, November 6, 2014

MONROE, N.C. (AP) - A French company is closing its helicopter engine plant in Monroe, eliminating the jobs of 112 people.

The Charlotte Observer reported (https://bit.ly/1ElPMxc) that Turbomeca said Wednesday it will phase out operations at the plant over the next year.

The company opened the Union County plant in 2008, its first American location.

Turbomeca said demand for its products has declined. The company said the forecast for helicopter engine parts was considerably higher in 2008 than it is today.

Turbomeca also has a plant in the Dallas-Fort Worth area in Texas.

Workers in Monroe will have access to an assistance program, as well as severance packages and other benefits.


Information from: The Charlotte Observer, https://www.charlotteobserver.com

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