Itron Establishing Single Manufacturing Center in West Union, SC

Itron, Inc. (NASDAQ: ITRI), announced plans to relocate its manufacturing operations in Waseca, MN to the company’s West Union, SC facility (also known as Oconee). The transition is part of Itron’s plan to improve their global supply chain and increase efficiency in business operations. The company is finalizing the transition plan for tech transfers and relocation of production from Waseca to Oconee, resulting in the closure of the Waseca plant toward the end of 2024.

“This was a difficult decision. Our Waseca employees have played an integral role in bringing Itron’s products and solutions to the market. We are taking these steps to strengthen our company and enhance competitiveness by establishing a single manufacturing Center of Excellence in North America in South Carolina,” said Tom Deitrich, Itron’s president & CEO.

Itron is committed to supporting affected employees during the transition. The company will provide career placement services, extended insurance coverage and a severance package based on years of service to U.S. benefit-eligible employees affected by this move.

About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. More: www.itron.com.