Lear sees $250 mln of pretax restructuring costs

Newswire

CHICAGO, Jan 25 (Reuters) - Auto parts supplier Lear Corp. said on Wednesday that it continues to expect about $250 million of pretax costs for a restructuring announced last June, most of it in cash. Lear in June said it planned to cut up to 7,700 jobs, or about 7 percent of its work force, over two years to restructure its operations amid the struggles at General Motors Corp. and Ford Motor Co. Charges totaled $104.4 million in 2005 for job cuts, fixed asset impairment, contract ...

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