Navistar International Corp.
Navistar International Corp. said it will close its truck manufacturing plant in Garland, Texas, early next year, cutting 900 jobs as a result, to reduce costs.
Truck volume now produced at Garland will move to other North America operations that currently build similar models, beginning in January, Navistar said Tuesday.
The Garland plant primarily makes LoneStar, TranStar, WorkStar and PayStar heavy trucks, as well as military vehicles.
The closure is expected to reduce its operating costs by $25 million to $35 million annually, Navistar said, adding that it expects to take a $10 million fourth-quarter charge for employee separation costs.
New CEO Lewis Campbell said earlier this month that Navistar was considering closing some of its North American plants to cut costs.