UPDATE 1-Tenneco Automotive to cut salaried positions

Newswire

(Recasts, adds job cut details, background) CHICAGO, Oct 28 (Reuters) - Tenneco Automotive said on Thursday it plans to cut up to 250 mostly middle and senior management positions for a restructuring to cope with rising materials costs and other challenges. The cuts amount to about 6 percent of Tenneco's salaried positions and are to lower its cost structure and improve efficiency, the Lake Forest, Illinois-based maker of shock absorbers and exhaust systems said. Tenneco said it would ...

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