BRIEF-Kongsberg Automotive to shut U.S. plant

Newswire

OSLO, July 31 (Reuters) - Kongsberg Automotive Holding ASA said: * It will close a factory in Selmer, Tennessee, on Oct. 1. "due to the company's need for realising cost savings in order to improve overall competitiveness". * The facility, which has 100 employees, produces light-duty cables for outdoor power equipment and furniture markets. * The closure will lead to a transfer of production in Selmer to other Kongsberg Automotive locations in the United States. (Reporting by Oslo ...

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