COZAD, Neb. (AP) - Tenneco says it will be closing its plant in Cozad, eliminating about 500 jobs in the south-central Nebraska city by the end of next year.
Tenneco said in a news release Tuesday that the production of shock absorbers and other ride-control gear will be moved to plants in Hartwell, Ga.; Paragould, Ark.; and Celaya, Mexico.
Tenneco chairman and CEO Gregg Sherrill says the company regretted the closure but he thinks the production consolidation is necessary to strengthen Tenneco's long-term competitiveness.
He says the Cozad workers will be getting outplacement help.
Tenneco is based in Lake Forest, Ill.
In January, the company delayed a closure decision amid the economic uncertainty in the country and the automobile industry.
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