Dana to Close Cape Girardeau Plant

DECEMBER 12, 2006 - Posted at 3:20 p.m. CST

TOLEDO, OH - Dana Corporation says it will close two plants in Canada and one each in Missouri and Indiana, eliminating 440 jobs.

The auto parts maker announced today that it is closing plants in Cape Girardeau; Syracuse, Indiana; and Guelph and Thorold, Ontario.

Dana filed for bankruptcy protection in March.  It announced last month that it would close eight of its 66 plants.  Closing the plants, eliminating health benefits and reducing labor costs should save between $405 million and $540 million each year.

The Missouri plant has about 200 workers and will close in June 2008.  It makes axle parts.

Work from the U.S. factories will be moved to Mexico.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)