TRAVERSE CITY, Mich. (Aug. 8)—Dana Corp. will close another 8 plants this year as part of its previously announced restructuring plan. Six of the closures will come in its Engine and Fluid Management Group, which includes its elastomeric hose and seal offerings, said Mike Laisure, president of the group, during an interview at the Management Briefing Seminars held Aug. 4-8 in Traverse City. He did not disclose how many employees would be affected by the closures. When Dana began its consolidation of the former Echlin Inc. in 2000, there were 123 plants tied to the group´s products, Laisure said. Today there are 90, and Dana plans to have that number down to 70 by 2005, he said. Dana has cut 6,000 jobs in the group through attrition, layoffs and divestitures that totaled $300 million in sales. The group's current global sales stand at nearly $2.2 billion.
Dana plans more consolidation for engine and fluid group
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