. Dana Corporation to Consolidate Production
in Thermal Products Group
TOLEDO, Ohio - Dana
Corporation today announced it will consolidate the North American
operations of its Thermal Products group by mid 2006 to reduce operating
and overhead costs and strengthen competitiveness.
Dana facilities in
Danville, Ind.; Sheffield, Pa.; and Burlington, Ont. with a total
of 200 people will be closed. Production from these locations will
be moved to Dana plants in St. Clair, Mich., and Cambridge, Ont.
The restructuring charges related to these closures are expected
to be immaterial.
"The intense competitiveness
of today's automotive industry requires continuous cost-reduction
and efficiency efforts across the board," said Dana Chairman and
CEO Mike Burns. "This consolidation is difficult, but necessary
to strengthening the market position of our Thermal Products group,
which we consider a core Dana business."
Some people
from Danville, Sheffield, and Burlington will be placed
at other Dana facilities, and the company will make employment
counseling, unemployment benefits, skills training, and
outplacement support available to the other affected employees.
