ArvinMeritor will cut 1,250 jobs to lower costs
TROY, Mich. Auto parts supplier ArvinMeritor Inc. said Friday it will cut 1,250 jobs, in an effort to lower its costs in the face of continued weakeness in the US economy and automotive industry.
Troy-based ArvinMeritor Inc. said it's cutting 1,250 jobs and may sell a passenger-car components unit that it had planned to spin off to shareholders.