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Sep 15, 2005

Cuting - USA - Car Parts Plant To Cut 270 Jobs

CHICKASHA, Okla.,USA -Channel Oklahoma -Sept 15, 2005 :-( An auto-parts manufacturer will cut 270 jobs as it moves a part of its operations to a plant in Mexico... ArvinMeritor Inc. employees were told Wednesday that the job cuts would start next month... The company has faced problems including rising steel prices and lower volume performance of customers General Motors and Ford. Over the first nine months of the 2005 fiscal year, operating income fell by 10 percent from the same period the previous year...

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