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Ball Corp. to close Illinois plant, lay off 245 employees, take $21M charge

Ball Corporation announced that it will cease production at the company's Elgin, Ill., food and aerosol packaging manufacturing plant in December. The plant's customers will be supplied by other Ball facilities. The Elgin plant produces aerosol and specialty steel cans as well as flat steel sheet used by other Ball food and household products packaging facilities. The plant's 245 employees will be provided benefits, including outplacement and severance pay, in accordance with company policies and the effects bargaining process. Elgin employees can apply for open positions within Ball. Ball will report an after-tax charge of approximately $21M for this closure, the majority of which will be recorded in 2013.