Automotive parts maker Tower Automotive said on Tuesday it will relocate production of high-volume frame assemblies for the Ford Ranger pickup truck to Bellevue, Ohio from Milwaukee, affecting 250 jobs, Reuters reported.
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The relocation, expected to be completed by June 2004, will result in pretax charges of $US40 million to $50 million, or 47 cents to 59 cents, over the next 12 months and save about $10 million cash annually, Tower said, according to Reuters.
