TECHMA U.S.A. Closing Virginia Plant

Company will close its plant in Gretna and lay off 89 employees due to automotive production declines in North America and unprecedented economic challenges.

GRETNA, Va. (AP) -- TECHMA U.S.A. Inc. says it will close its plant in Gretna and permanently lay off 89 employees.

The company says the plant's closure will begin March 19, or within 14 days of that date. Workers will be eligible for a severance package.

TECHMA U.S.A. attributed the decision to automotive production declines in North America and what it called unprecedented economic challenges in the U.S.

The company manufactures electrical components and cable harness assemblies for the automotive industry. It's a subsidiary of TECHMA Corporation of Japan.

TECHMA U.S.A. President Shoichiro Miwa said Friday in a news release that the company had investigated and exhausted other cost-cutting measures.

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