BAY SHORE - A Bay Shore automotive manufacturing company is shutting its door after a decade, and some worry the closure could be a blow to the local economy.

Officials say Remy USA, formerly known as USA Industries, has grown from three employees back in 1985 to nearly 300. The company was renamed in January when it was bought by Remy International Inc.

This week, all 271 employees were told they are being laid off in November.

According to Remy's website, the company has operations in 11 countries on five different continents.  According to town of Islip officials, Remy also has a five-year lease in Bay Shore that expires in 2018.

Remy's manager of human resources would only tell News 12,  "We are doing this for business and and logistics reasons. The cost of doing business on Long Island is one factor, duplications of equipment and jobs is another."

Economic development head William Mannix says he and the previous owner, Vincent Trapani, are very concerned about all the employees. Mannix says they are working on a plan to help them.

"Our hopes are that we can keep those buildings open, and we can keep those 271 people employed in some way shape or form," he says.