Timken to Cut 700 Jobs in Automotive Group
The Timken Company, Canton, OH, announced it would be cutting 700 jobs, or 5% of its Automotive Group employment. The manufacturer blamed the step on worsening conditions in the North American automotive industry. Declines in North American automotive production are expected to negatively impact the company’s overall third-quarter and full-year 2006 results, which continue to benefit […]
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