Lear Corp. is eliminating 6,500 jobs, nearly 6% of its workforce, and closing 21 facilities around the world, 16 of which are in North and South America. Lear blames slowing automotive demand for the reductions, which began in December. Lear earned $26.3 million in 2001 and had an adjusted operating income of $679.9 million, down $245.4 million from 2000. The Budd Co. says loss of sheet molding composite (SMC) business is forcing it to idle operations at its Kendallville, IN, plant. The ...
Premium Content (PAID Subscription Required)
"Supplier Roundup" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.