InvestorsHub Logo
Post# of 8585
Next 10
Followers 17
Posts 13856
Boards Moderated 1
Alias Born 11/18/2003

Re: Arctec post# 5159

Saturday, 04/07/2007 12:10:42 AM

Saturday, April 07, 2007 12:10:42 AM

Post# of 8585
The restructuring of the U.S. auto parts industry slopped over the border into Canada again Monday as Dura Automotive Systems Inc. told workers it will shut its remaining plant in Canada, a move that will eliminate more than 300 jobs in Bracebridge, Ont. Dura, which is operating under Chapter 11 bankruptcy protection in the United States, had already announced that it will close plants in the Ontario cities of Brantford and Stratford. The maker of metal seating components, as well as driver control and exterior trim parts, is one of a long list of U.S. auto parts companies operating in bankruptcy protection because of major cuts in production and assembly plant closings at Ford Motor Co., General Motors Corp. and the Chrysler division of DaimlerChrysler AG.

Approximate Affected Workforce: 101-500
Source: globeandmail.com - April 2, 2007

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.