US: TRW to close Minnesota facility by 2007

摘要

TRW Automotive's subsidiary Kelsey-Hayes plans to close a plant in Rushford, Minnesota by the end of the third quarter of 2007, a move that will mean job losses for most of the unit's 175 employees. This decision is based on the steadily increasing cost pressures in the controls market and the need to remain competitive to secure new business growth, the company stated.