Business news from around South Carolina.
Ushers Machine and Tool Co., a company based in upstate New York that makes parts for gas turbines, is expanding its South Carolina plant and adding 50 new jobs.
Ushers announced it is investing almost $13 million in its plant in Greenville. The expanded facility should be in operation by the end of September.
Ushers has its headquarters in Saratoga County, New York, and also operates a facility in New Hampshire.
Greenville Health System plans to cut over 400 jobs in the face of a $16 million shortfall.
The Greenville News reported that officials said GHS as plans to reduce its capital budget by $39 million to address the loss.
Greg Rusnak, chief operating officer, says although initial plans call for eliminating roughly 410 positions, more than half of them will be the result of normal attrition.
Rusnak says positions don’t necessarily mean people, adding that the number could fluctuate depending on the financial outlook and cost-cutting measures.
GHS, which has about 15,000 employees, has spent hundreds of millions acquiring physician practices, expanding its provider network, and installing a new information technology system. Officials say additional steps to address the shortfall will be taken throughout the year.
Fitesa Simpsonville Inc., a designer and manufacturer of nonwoven fabrics for the global hygiene market, will further expand its existing facility in Greenville County by 20,000 square feet to increase production capacity. The $52 million investment is expected to create an additional 38 jobs over the next five years.
Established in 1973, Fitesa primarily serves the hygiene, medical and industrial markets. Its Simpsonville plant, one of 11 worldwide, opened in 1990. The expansion is scheduled to be completed by late 2017.
AP and staff reports