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 ...
Premium Content (PAID Subscription Required)
"SKF to close 2 U.S. plants, cut 460 jobs" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642