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Friday, Mar 29, 2024

Superior Slashes Manufacturing Force

Auto parts manufacturer, Superior Industries International, Inc. said Wednesday it would lay off about 375 workers at its Van Nuys manufacturing facility as the company struggles to bring its costs in line with diminishing revenues. The cuts will affect about half of its Valley manufacturing workforce, which numbers 635. The company said that the cuts will not affect about 125 workers employed at the company’s corporate headquarters, also in Van Nuys. Superior said it plans to focus on its specialty operations, making the facility more profitable at lower sales levels. Superior has been stung by the downturn in business at some of its major customers, including Ford and General Motors. The company said it would take $1.5 million in charges related to the layoffs in 2006. Superior supplies aluminum wheels and other aluminum automotive components to customers which include Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu, Jaguar, among others. It has eleven manufacturing facilities over the United States, Mexico and Europe employing over 6,000 people.

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