Schneider said it would work with staff to identify other areas of the organisation where they might be interested in working.
The company was committed to providing a comprehensive support package for its staff and was working with supporting union, E tu, who were an integral part of the consultation and would continue to be part of the staged shutdown.
E tu said it was concerned to see another local manufacturer moving operations overseas.
The plant, which produced light switches and power plugs, was formerly part of Christchurch company PDL, with a decades-long history in the city, E tu said.
"These are quality fittings and they've been very popular for many years. They're in most New Zealand homes and would be instantly recognisable to most Kiwis," said E tu industry coordinator Phil Knight.
Knight said a number of workers had been with the firm since its days as PDL, with one long serving staffer clocking up 42 years on the job.
"This is a workforce that's very much a big family. They're proud of their product and also very sad to bid farewell to their workmates and friends."
E tu said the announcement came just weeks after ABCorp said it was closing its Christchurch plastic card factory and also relocating abroad.
"We've seen a string of these closures, and every time it's a blow for our members and the economy," Knight said.
"The official line is there's a buoyant job market out there, but manufacturing jobs like these have provided secure, well-paid, permanent, full-time jobs. These are now a relative rarity," he said.
"However, these workers do have skills and good work records that would be of interest to any employer in any number of industries."
E tu said Schneider's other New Zealand operations were not affected by the closure.