SOUTHFIELD, Mich. (AP) -- Federal-Mogul says its cutting its work force by 4,000 jobs, or 8 percent, due to a tough automotive market.
The Southfield, Mich.-based auto supplier said the cuts are part of a restructuring plan that will streamline business, consolidate or close locations and lower general and administrative staffing.
The company declined to disclose the specific sites for the job cuts, pending further evaluation and talks with appropriate parties.
The restructuring will begin this month and continue into next year, costing between $60 million and $80 million through the end of 2009, Federal-Mogul says.
