Die casting manufacturer Pace Industries LLC plans to close a plant in Michigan and lay off 244 employees due to "financial trouble."
The permanent layoffs at the factory in Muskegon, Mich., will start Dec. 20 and be complete by the end of the year, according to a WARN notice filed to the state. Employees are not represented by a union.
The notice does not expound on the financial trouble leading to the closure. Crain's Detroit Business, an affiliate of Automotive News, could not immediately reach the company for comment Monday.
Pace has four manufacturing locations in the Muskegon area, according to its website.
The layoffs are the latest for a manufacturing sector that has been hit hard by inflation and supply chain troubles over the past two years. Several small manufacturers and local tool-and-die shops have filed for bankruptcy protection amid the pressure.
Last year, Pace moved its headquarters from Arkansas to suburban Detroit, whe…