UPDATE 3-Lear to trim up to 7,700 jobs amid restructuring

Newswire

(Adds details, more analyst comment, updates stock price) By Nick Zieminski NEW YORK, June 27 (Reuters) - Auto parts maker Lear Corp. said on Monday it will slash up to 7,700 jobs and revise its financial forecasts as it begins a global restructuring. Shares of Lear, which is facing production downturns by automakers Ford and General Motors , eased on concern that its current earnings forecasts were too high, analysts said. The job cuts will initially affect five production plants in ...

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