Federal-Mogul will cut 4,000 jobs
puremagic
Posts: 1,907
Wonder if anyone at the townhall meeting works for Federal-Mogul.
Federal-Mogul will cut 4,000 jobs
Michigan-based auto supplier won't reveal which sites to suffer layoffs, consolidations and closings.
September 17, 2008: 2:36 PM EDT
SOUTHFIELD, Michigan (AP) -- Auto supplier Federal-Mogul says it is cutting its work force by 4,000 jobs, or 8%, due to a tough automotive market.
The Southfield, Michigan-based company said Wednesday the cuts are part of a restructuring plan that will streamline business, consolidate or close locations, and lower general and administrative staffing.
The company declined to disclose the specific sites for the job cuts, pending further evaluation and talks with appropriate parties.
Federal-Mogul (FDMU) says the restructuring will begin this month and continue into next year, costing between $60 million and $80 million through the end of 2009.
Federal-Mogul will cut 4,000 jobs
Michigan-based auto supplier won't reveal which sites to suffer layoffs, consolidations and closings.
September 17, 2008: 2:36 PM EDT
SOUTHFIELD, Michigan (AP) -- Auto supplier Federal-Mogul says it is cutting its work force by 4,000 jobs, or 8%, due to a tough automotive market.
The Southfield, Michigan-based company said Wednesday the cuts are part of a restructuring plan that will streamline business, consolidate or close locations, and lower general and administrative staffing.
The company declined to disclose the specific sites for the job cuts, pending further evaluation and talks with appropriate parties.
Federal-Mogul (FDMU) says the restructuring will begin this month and continue into next year, costing between $60 million and $80 million through the end of 2009.
SIN EATERS--We take the moral excrement we find in this equation and we bury it down deep inside of us so that the rest of our case can stay pure. That is the job. We are morally indefensible and absolutely necessary.
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