Dana Corp. is closing its Statesville, NC, plant, as part of an effort to consolidate its axle and transmission manufacturing for off-highway vehicles. Statesville production will shut down next September, says Dana, leading to 300 job losses. Dana will take an after-tax charge of approximately $25 million related to the Statesville closure, some $22 million of which will be recorded in fourth-quarter 2004. Dana says Statesville employees will be eligible for job training and separation ...
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