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 ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!

For pricing and subscription information please contact
LisaWilliamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.