Meritor Inc. (Troy, Mich.), a global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets, disclosed a restructuring plan that includes closing three of its U.S. manufacturing plants. The facilities to be closed are located in Chicago, Ill.; Livermore, Calif.; and Livonia, Mich. The news came in the company’s Q4 business filing, which also revealed the closing of its European administration office in Zurich. The actions are expected to generate $10 million in annual savings.
Meritor to Close Three U.S. Plants
November 24, 2020