Monday, November 17, 2008

Plant Closing #8

Umm... Many of the articles about plant closings cite 3rd quarter earnings. Those might be the good old days..... Here is a piece on Dana
Revealing it lost $271 million on lower sales in the third quarter, Dana Holding Corp. announced additional layoffs and plant closings Thursday morning.The Toledo auto parts producer said it will shut as many as 10 more plants in 2009 and 2010 and will cut 5,000 jobs this year instead of the originally announced 3,000.

Dana just emerged from Chapter 11 in Febrary.

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