Tower Automotive to Close Three Plants

Click here to write a Letter to the Editor.

ower Automotive Inc., which makes vehicle frames, said it will close plants in Maryland, Kentucky and Indiana and reduce jobs at an Illinois factory to cut costs as it tries to restructure under bankruptcy protection, Bloomberg reported.

The closures will eliminate about 800 jobs, Novi, Mich.-based Tower said, Bloomberg reported. The closings should be complete by June 30, the statement said.

Tower sought bankruptcy protection in February after accumulating debt during a 10-year expansion that increased sales by forty-fold to $3.1 billion, Bloomberg reported.