Dana cuts 800 jobs in Canada, Australia

Newswire

NEW YORK, Dec 20 (Reuters) - Auto parts maker Dana Corp. said on Tuesday it would cut about 800 jobs in Canada and Australia as supply agreements expire for frames and axles. Toledo, Ohio-based Dana will record pretax charges of about $28 million in the fourth quarter and sees another $10 million in charges in 2006 or early 2007. Dana shares were down 20 cents, or 2.9 percent, at $6.65 on the New York Stock Exchange.

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