ArvinMeritor to close assembly operation
Sep 1, 2007 12:00 PM
ArvinMeritor Inc announced it would close its Commercial Vehicle Systems (CVS) assembly operation in St Thomas, Ontario, Canada, by Nov 23, 2007.
This closure is part of previously announced restructuring actions in North America and Europe, which the company expects to affect 13 plants and 2,800 employees, resulting in an estimated annual run rate savings of $130-$140 million by 2012.
The facility in St Thomas employs 17 people and serves as an assembly site for the company's drivelines. Operations based in St Thomas will be transferred to ArvinMeritor's facility in Laurinburg NC.
