SKF to close 2 U.S. plants, cut 460 jobs

Newswire

STOCKHOLM, June 29 (Reuters) - Sweden's SKF , the world's biggest bearings maker, will close two of its plants in the United States, cutting 460 jobs, the firm said on Wednesday. The closure would result in costs of some 280 million Swedish crowns ($36.05 million), of which about 190 million would weigh on second quarter earnings while the remainder would be charged over 18 months, it said in a statement. SKF said it would transfer production from its bearings plant in Aiken, South ...

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