More than 50 people will lose their jobs in Tulsa over a decision by international SPX Corp. to eliminate one of its divisions, thereby resulting in the closure of its plant in northeast Oklahoma.
Another plant is also being closed in Bethlehem, Pennsylvania after SPX sold its Yuba and Ecolaire brands and technology of its heat transfer business to a private industrial conglomerate based in India.
The plant has been in Tulsa since 1928 and was known as Yuba Heat Transfer LLC until 2009 when it was bought by SPX.
Paul Clegg, vice president of investor relations and communications at the Charlotte, North Carolina-based company told the Tulsa World this week, “We’ve tried to restructure the business a couple of times. The power generation business has gone through some very tough times.”
SPX Corp. had nearly $1.4 billion in annual revenue in 2017 and more than 5,000 employees in 14 countries.