LAKE FORREST, Ill. (Oct. 30, 2008) — Tenneco Inc. has launched a major restructuring of its global operation aimed at cutting costs to save about $64 million annually and reduce capacity, which will include the closing of its Milan, Ohio, elastomer facility.
About 1,100 jobs will be eliminated worldwide and four U.S. plants along with an engineering operation in Dunsborough, Australia, will be shut down, a spokesman said. Another unnamed North American emission control facility will be restructured.
The firm said its actions are “in response to the worsening industry downturn.”
Tenneco said its Milan plant and emission control plant in Evansville, Ind., along with an unnamed ride control and an emission control factories are on the chopping block.
The company has been moving operations in Milan to other facilities for some time, the spokesman said, and only a mixing operation remains, the spokesman said. Tenneco is working with the union on closure of the facility, he said.
About 80 employees will be laid off at the Milan site and 16 jobs will be eliminated in Evansville, he said.