UPDATE 1-Lear sets restructuring, sees $250 mln in costs

Newswire

(Adds details, stock price on Inet) NEW YORK, June 27 (Reuters) - Auto parts maker Lear Corp. said on Monday it has begun a global restructuring plan to improve long-term competitiveness and will incur pretax costs of up to $250 million. The initial restructuring will affect five facilities in North America and Europe, as well as certain administrative functions, the company said. It said its goal is to eliminate excess capacity and cut costs, to better align Lear's manufacturing with ...

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