TRW Vehicle Safety Systems on Thursday said it would close an airbag making facility that employs about 390 workers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company, in a news release cited by Reuters, blamed increasing pricing pressures for closing the facility at Cookeville, Tennessee.
TRW does not expect the closure of the unit to affect the employees until the middle of 2006, the release reportedly said.
