Allegheny Technologies Inc. plans to close its Connecticut facility by June because of poor economic conditions, the metals maker said Friday.
The Pittsburgh-based company did not say how many employees will be affected and a representative from Allegheny did not return a request for comment. In a government filing, Allegheny said employees were told of the closure Dec. 10.
Allegheny said closing the plant will cost about $9.2 million, and will show up in its fourth-quarter results, which ends on Dec. 31. That amount includes $6 million for job-ending benefits, such as a pension and medical benefits, Allegheny said.
The facility, used by its flat-rolled products segment, is in Wallingford, Conn.
In after-hours trading, shares fell 41 cents to $32.36. Shares closed at $32.77 Friday.