Wednesday, July 6

Bus maker NFI to close North Dakota plant to cut costs


News comes after company cut its growth forecast last month for second time

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Manitoba-based NFI Group Inc announced Friday that it will close a plant in North Dakota as the bus maker continues to try to cut costs.

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The closure of the Motor Coach Industries plant in Pembina, North Dakota, is scheduled for the fourth quarter of this year.

“The closure of our Pembina facility follows a detailed review of our manufacturing footprint, combined with the planned cessation of a legacy motorcoach vehicle product, and prior investments in expanded production and workforce development at our Minnesota facilities,” Brian Dewsnup, NFI chief executive, said in a statement.

“It is never easy to close locations and impact the lives and careers of our people, and we will do our best to redeploy or assist them in finding alternative employment where possible.”

The bus maker is now in the second phase of its “NFI Forward” initiative that aims to cut US$67 million off costs by the end of 2023.



financialpost.com