TRW cutting 1,000 jobs, could make more cost cuts

Newswire

DETROIT, Oct 30 (Reuters) - TRW Automotive Holdings Corp is cutting 1,000 salaried positions and said it could take further restructuring actions in the next six months in response to sharply declining vehicle production globally. The auto parts maker said on a conference call with analysts that its focus is to right-size operations to reflect weakening demand and generate income at lower sales rates. TRW posted a quarterly net loss earlier on Thursday and forecast full-year earnings per ...

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