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DETROIT (AP) - Auto parts supplier ArvinMeritor Inc. said Tuesday it would close 13 plants in North America and Europe and cut 2,800 jobs globally in a restructuring plan expected to cost $325 million.
The company said it will close nine plants in North America and four in Europe at a cost of 2,400 jobs. So far, it has only identified one plant — in Frankfurt, Germany — for closure.
The parts supplier said 400 jobs will be cut as part of global consolidations.
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