Alarko Carrier is closing its Gebze factory

Alarko Carrier has decided to shut down production at its Gebze factory effective February 28, 2027, a move that will terminate the employment contracts of 183 workers. The Turkish heating and cooling equipment maker disclosed the decision without specifying the financial impact or the rationale behind the closure. The plant's shutdown matters for investors assessing the company's cost structure and restructuring path, and for the local labor market in Gebze. What to watch next is whether Alarko Carrier books one-off severance and closure charges in its upcoming financials and whether production is shifted to other facilities.