Company officials at Haldex confirmed overnight the rumors that had been flying around Iola yesterday afternoon. The manufacturing work done at the Haldex plant here will be moved to Mexico and the plant here closed. In a news release posted on its website at about 8:30 this morning, Stockholm time, Haldex said the move is the last in a previously-announced Cost-Reduction Program. Manufacturing from Haldex’s Iola plant will be relocated to Monterrey, whereupon the operation in Iola will be discontinued during the second half of 2010. The production of brake cylinders was relocated to the operation in Monterrey earlier. Estimates are that the move will put a couple hundred Haldex workers in Iola out of a job.
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