Oilgear Corp. will sell its 200,000-square-foot Milwaukee factory and headquarters building and move to smaller space in the area, a company executive said Tuesday.And you mjust know it's only going to get worse before it gets better.
The move comes as Oilgear shuts down manufacturing at the plant at 2300 S. 51st St., eliminating 45 jobs. Oilgear notified government officials of the plant closing last week.
Catherine Cerny, human resources director for the company, said a prospective buyer for the complex has emerged. Oilgear expects to complete the sale this year, she said.
"We're negotiating right now and have already been approached by people who are interested in the property," Cerny said.
The firm will relocate the Milwaukee production to its plants in Traverse City, Mich., and Fremont, Neb. That will leave Oilgear with about 85 employees here. Remaining will be the corporate office personnel and engineering staff.
Tuesday, May 26, 2015
Even after five years of Scott Walker and his apologists telling us that his agenda is working and that Wisconsin is "Open For Business," it appears that reality hasn't gotten the memo: