EnerSys to close Monterrey, Mexico battery plant, cutting about 269 jobs
EnerSys said its board approved closing its flooded motive power battery plant in Monterrey, Mexico, with production moving to its Richmond, Kentucky facility. The company expects a pre-tax charge of about $20 million, mostly recorded in the first half of 2025, and about 269 employees to be reduced when the plan is complete. The company expects an estimated pre-tax benefit of $19 million annually beginning in fiscal 2027, which shareholders will need to weigh against the near-term charge.
- Pre-tax charge of about $20 million, of which $7.6 million is non-cash and $12.4 million is cash
- Monterrey facility closure and production moved to Richmond, Kentucky; plan expected to be substantially complete in calendar 2025
- About 269 employees to be reduced upon completion
- Estimated pre-tax benefit of $19 million annually, beginning fiscal 2027; separate $4.5 million investment in Bielsko-Biala, Poland