MARSHALL, MI — Marshall Excelsior Company is expected to relocate a number of jobs from Marshall in 2023, the company announced in a Press Release Friday.
The relocation of jobs comes after the company responded to intense cost pressures and competition in the global valve industry, a Marshall Excelsior Company spokesperson said.
“We regret having to take this move,” Patrick Donovan, president and chief executive officer said. “However, we believe we have no choice.”
The company, founded in Marshall in 1976, is expected to remain the main headquarters, and a large portion of the company's operation is to remain in Marshall, Donovan said.
Most of the jobs are expected to be shifted in the second half of 2023 but the company wanted to make an announcement in advance so employees could prepare, a company spokesperson said.
Marshall Excelsior Company said they will provide affected employees with with severance pay, health care benefits, counseling, and outplacement services, according to the press release.
Job fairs are expected to be held on site as the year unfolds, according to the spokesperson.
Marshall Excelsior Company operates globally, making liquified petroleum gas and ammonia equipment, according to the press release.
The company has employees working in manufacturing, engineering, and sales in Michigan, Florida, Texas, Mexico, Canada, among other states, said a spokesperson.