Not closed. It will be outsourced to a logistics business that specializes in the operations of parts distribution, etc.
Yes, many of those people will lose their jobs.
2010 BMW M3 Coupe M-DCT w/Tech-EDC, BMW M Performance Exhaust, BPM Stage I Tune, Space Gray / Fox Red Extended, and a Trunk Monkey known as "Der Stig",
plus the daily driver...
2011 BMW 135i M Sport DCT, w/BMW Performance Power Kit, Exhaust, and Brake Rotors, Space Gray / Coral Red, known as "Stiggie" with an outlaw F20 "M135i" badge.