General Cable Corp. said Thursday that it will significantly reduce operations at its Marion, Ind., manufacturing facility.
The Highland Heights, Ky.-based manufacturer of copper, aluminum and fiber-optic wire and cable products said most of the product lines currently manufactured in Marion will be moved to other company facilities.
The Marion plant will remain open and employ approximately 65 people, shifting primarily toward the production of mining and other specialty cables.
"Our decision today was taken in response to the prolonged and unprecedented decline in the North American industrial-cable market," president and CEO Gregory B. Kenny said in a release.
"I am confident that it will allow us to continue on the path of becoming the low-cost producer in the industrial and specialty cables market, while maintaining ample capacity for the improving demand we have recently begun to see," he added.