In an attempt to reduce costs and expand operating margins, Troy, MI-based Meritor Automotive Inc. announces a restructuring plan that will cost 300 workers their jobs. The supplier will consolidate selected facilities in North America and Europe. Meritor says it will shut down a European sunroof-manufacturing plant, but will decide on other facilities within two weeks. Meritor, which employs 18,000 globally, expects these actions initially to cost the company $28 million ($17 million ...

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