Tenneco to cut 1,100 jobs, close facilities


DETROIT, Oct 29 (Reuters) - Tenneco Inc is cutting 1,100 jobs worldwide and closing four North American manufacturing facilities as part of a restructuring which it estimates will save $64 million annually, the auto parts supplier said on Wednesday. Tenneco, which said it is responding to the worsening industry downturn, expects to record up to $60 million in charges -- about $44 million in cash -- related to the restructuring steps it aims to complete by the end of 2009. In addition to ...

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