CHICAGO -- Auto and truck parts maker ArvinMeritor Inc. will cut 1,850 jobs, or 6 percent of its work force, under its plan to close or consolidate 11 plants, mostly on the light vehicle side of its business.
About 300 salaried workers and 1,550 hourly employees will be cut for the plant closings, ArvinMeritor said in a filing with the U.S. Securities and Exchange Commission on Wednesday.
ArvinMeritor, which has about 31,000 workers worldwide, on Tuesday announced the plant closings. It has closed or sold five other plants in the past two years and is cutting 400 to 500 salaried workers already under previously announced plans.
The supplier expects to spend about $135 million for employee severance and other exit costs, and asset impairment. It recorded $62 million in restructuring costs in its fiscal second quarter ended in March and it expects to record the rest over the next 18 months.