Veteran financial journalist Jon Talton blogs daily on the most important economic news, trends and issues involving Seattle and the Northwest.
Vancouver factory will close, idling 71
Commercial Vehicle Group said it will close its Vancouver, Wash., manufacturing facility and shift the work to other North American plants, eliminating 71 local jobs.
Commercial Vehicle Group said today that it will close its Vancouver, Wash., manufacturing facility and shift the work to other North American plants, eliminating 71 local jobs.
The company said the plant, which produces interior soft trim and molded dash assemblies for the heavy truck industry as well as other products, employed more than 200 at its peak. It will be closed by the end of July.
"This extended downturn in the national and global economies has impacted our industry and end users particularly hard, which has forced us to examine our entire manufacturing footprint and consolidate operations to further reduce costs and create operational efficiencies in line with current market realities," said Jerry Armstrong, president of cab systems for the New Albany, Ohio-based company. "We regret the impact which this action will have on our Vancouver employees and their families, and we will assist them during this difficult time to help transition their lives."
Copyright © 2009 The Seattle Times Company
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
Furniture & home furnishings
*LOCATION LOCATION LOCATION* Unique Restaur...
1988 Bayliner - 38 Twin Diesel Very clean! ...
50th Anniversary 2003 Corvette
POST A FREE LISTING