ThyssenKrupp AG, a German-based multinational conglomerate with more than 150,000 employees worldwide, is closing its plant in Moonachie and is expected to lay off dozens of employees, according to two media reports.
The company, called Computerized Elevator Control Corp., owned by ThyssenKrupp Elevators America, produced computerized elevator parts at the Moonachie plant. The company hopes to offer some of the 50 employees being laid off a job elsewhere in the company, according to a report on NorthJersey.com.
According to the report, much of the work at the Moonachie plant will be shifted to Tennessee; the company's U.S. headquarters are in Frisco, Texas.
"The closure is a result of the need to centralize and streamline operations to optimize efficiency," Sasha Bailey, a company spokeswoman, said in e-mailed response to NorthJersey.com. "This move enables ThyssenKrupp Elevator to better serve our customers and remain competitive now and in the future."
"We will work with the affected employees to help them locate other employment opportunities within ThyssenKrupp Elevator or provide them with severance benefits and outplacement support."