TRW Automotive’s Kelsey-Hayes Company subsidiary has announced plans to close its Jackson, Michigan, manufacturing facility by July 2006.
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“The planned facility closure is a result of relentlessly increasing pricing pressures in the marketplace and the need to improve competitiveness to attract future business,” the company said in a statement.
The Jackson plant employs 400 and manufactures braking components for the automotive industry. Under the plan, present Jackson plant operations would be consolidated into existing North American facilities.
“Marketplace pressures require difficult actions,” said a spokesman. “We are challenged to provide the absolute lowest cost product and compete with an increasing number of competitors in a global marketplace.”
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