Johnson Controls Inc. plans to shutter 10 plants and reduce its workforce in response to the declining automotive market. The company expects vehicle production this year to fall below its earlier forecast of 8.8 million units in North America and 14.3 million in Europe. The supplier does not reveal what plants will be closed or how many positions will be eliminated. The restructuring effort is to be completed by 2010. JCI says the moves will result in a pre-tax second-quarter charge of $215 ...
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