Thread regarding Tower International Inc. layoffs

Sale almost complete

So the sale will be finalized in about 2 weeks. Word is already spreading that layoffs are coming. Hearing they want them done before end of year so they don't have to worry about paying bonuses. Also, hearing Grand Rapids office will be consolidating with Headquarters. Operations in Brazil and Mexico and being shopped heavily. Also, is Tower going to lose customers as the talk of the town is that they are falling behind on programs because of a spending freeze. Many jobs to be consolidated with L&W or outsourced.

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