UPDATE 1-ArvinMeritor cutting 1,250 jobs, reviewing spinoff

Newswire

* Cutting 1,250 jobs, or 7 percent of global workforce * Reviewing spin-off of car-parts unit to shareholders * Cites difficult market conditions DETROIT, Oct 31 (Reuters) - Car and truck parts maker ArvinMeritor Inc is cutting 7 percent of its workforce and said it is reviewing alternatives to a previously planned spin-off of its car parts unit to shareholders because of difficult market conditions. ArvinMeritor in May announced a plan to spin off its light vehicle business to ...

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