Swedish auto parts manufacturer Haldex has announced that it will close its Blue Springs plant, which has 154 employees, beginning in December.

Layoffs will begin Dec. 13 and continue periodically until the final closure scheduled for the fourth quarter of 2020, according to Haldex Brake Products' letter to the Missouri Division of Workforce Development, which is mandated by the Worker Adjustment and Retraining Notification Act.

In a release, Haldex said production from the Blue Springs plant will be shifted to its largest production facility in Mexico for cheaper labor costs. The company says it will save about $2.5 million annually with the move.

The company opened the plant at 2400 N.E. Coronado Drive on the east edge of Blue Springs in 1981.

Haldex said a few employees will be offered new positions with the company's United States operations. The company's North American headquarters and a distribution center are near Kansas City International Airport. The company's only other manufacturing facility is in Marion, North Carolina, and there are offices in seven other states around the country.

The company said it is streamlining production of brake adjusters, its largest product. Those will now be manufactured in China, India, Hungary, Brazil and Mexico. Last year, Haldex moved another U.S. plant operation to India.