Heavy Equipment manufacturer Terex announced it is moving their Rough Terrain crane, Boom Truck and mobile Truck Crane production line from Waverly, Iowa to Oklahoma City.
Terex Cranes Waverly Operations
“The transfer of our Waverly product lines to our Oklahoma City location is consistent with our continuing strategy to win in the marketplace by aligning our costs with market demands, optimizing our manufacturing footprint and investing in our future,” said Vice President and GM Dean Braley.
The release says that Terex has made millions of dollars of upgrades at its Oklahoma City location.
Terex was the fifth largest employer in Waverly, employing 350 people.
Waverly Plant
A spokesperson says that 100 production jobs will be lost in Iowa.
“Terex Cranes has announced it will expand its North American cranes production at its facility in Oklahoma City, allowing the company to maximize its existing manufacturing footprint and better serve customers,” the release said. “As a result, the company will close production of its Rough Terrain Cranes, Truck Cranes and Boom Trucks in Waverly, Iowa, effective July 19, 2016. Production in OKC of the lines formerly built in Waverly is expected to commence in September.” The release noted the company has “multi-millon dollar upgrades at the Terex campus in Oklahoma City” to handle the additional manufacturing.
Approximately 100 jobs will remain in the Waverly area to help with the Terex Global Business Systems shared service center. Around 75 non-production, jobs will remain in place, according to the spokesperson.
