Cape Girardeau PolyOne plant to close - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Cape Girardeau PolyOne plant to close

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(KFVS) -

PolyOne has announced a reduction of employees over the next several months, including the plant in Cape Girardeau.

According to Kyle G. Rose, Corporate Communications Director for PolyOne, approximately 90 positions are set to be laid off from the plant on Nash Road.

Cape Girardeau Mayor Harry Rediger says the city will take a hit, but that won't stop it from moving forward.

"Our economy is very strong," Rediger said. "We have a good unemployment rate. We have great work ethic here. There are a lot of positive things going on in our community."

A total of six locations in North America will be closed, impacting 250 employees, and production will be relocated to other PolyOne facilities.

According to a press release, the reductions are expected to be done by the end of 2014 and will generate annualized pre-tax savings of approximately $25 million in 2015.

"These actions are entirely consistent with our previously announced plans to integrate PolyOne and Spartech and to accelerate our speciality transformation," said Stephen D. Newlin, chairman, president and CEO of PolyOne. "By combining our resources, we expect to better serve our customers with a more competitive cost structure, improved product quality and on-time delivery with increasingly innovative technologies."

PolyOne bought Spartech nearly a year ago.

The company's CEO says the closure is a part of a plan to integrate the two corporations.

A manager of a different business nearby says he feels for the workers he sees going in and out of the doors every day.

"It's a blow anytime you lose industry in the community, it's tough with not a lot of jobs out there now," said Jeff Hampton, Manager at Botkin Lumber. "They say there are a lot, but there is still a lot of unemployment out there. It's tough to handle knowing that you're going to lose your job, you know?"

PolyOne's CEO says the corporation understands the impact this will have on employees and their families.

This news comes just after call center in town announced it'll be letting more than 400 employees go.

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