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ECONOMY CRISIS * WORLDWIDE - Companies making do with less as weak economy continues
This week in the trucking industry, the news includes job cuts, a Chapter 11 bankruptcy filing, plant closings, and a company shutting its doors
Grain Valley,MO,USA -Land Line Magazine -November 11, 2008: -- ...
* Great Dane Trailers to close Savannah, GA, plantIt was announced Tuesday, Nov. 11, that Great Dane Trailers would close its original manufacturing facility in Savannah, GA, effective Jan. 9, 2009. About 270 employees will be affected... The company cited the extended economic downturn’s effect on the transportation industry and the need for more efficient production as the reasons for closing the refrigerated trailer plant.
* Dana Holding Corp. of Toledo, OH, says it will close as many as 10 of its plants in the next two years and will cut 5,000 jobs this year. Dana makes axles, drive shafts and other components.
Its third quarter earnings this year fell by $111 million compared with the same period last year.
* The Swedish company Haldex, which produces brake and hydraulic systems, says it will eliminate 700 jobs this year.
Labels: financial crisis
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