When 52-year-old Brian Bousam lost his job at manufacturing company Rexnord last year, he was 12 weeks away from being eligible for a pension.

Union officials say about 65 employees have their final shifts Tuesday, leaving 11 union members who will be wrapping work as production is shifted to factories in Monterrey, Mexico, and McAllen, Texas.

The city will work with EmployIndy to provide up to $1,000 for each employee, as long as they can prove they are actively looking for a job.

Rexnord workers can't take a new job without knowing when their old one will end. And if they quit early they'll lose their severance package, one week's pay for each year spent working at the plant.

Rexnord employees will receive $1,500 dollars, one week's pay for each year of service at the company, and six months of continued medical, dental and vision insurance.