USA: Oxford Automotive to shut Ohio stamping facility
Oxford Automotive will close its stamping facility in Masury, Ohio by the end of October 2003. The closure is the result of overcapacity in the North American light vehicle market and is part of the company's overall effort to cut costs. The Masury facility employs 130 full-time people and is a producer of stampings for a variety of automotive applications. Some Equipment may be moved to other Oxford locations throughout North America.
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