UPDATE 1-Tower Automotive to relocate frame assembly

Newswire

(Adds more detail, closing stock price) CHICAGO, May 27 (Reuters) - Auto parts supplier Tower Automotive Inc. said on Tuesday it will cut 250 jobs as it relocates frame-assembly production for Ford Motor Co.'s Ranger truck to Bellevue, Ohio from Milwaukee. The cuts, equal to 2 percent of the company's workforce, will result in pretax charges of $40 million to $50 million, or 47 cents to 59 cents, over the next 12 months, Tower said in a release. It also said the relocation, expected to ...

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