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STOCK MARKETS

Thyssenkrupp to close Indiana auto site

Thyssenkrupp announces closure of Terre Haute, Indiana automotive production site by end of March next year, consolidating chassis business in Hamilton, Ohio.

Zoe Allen
ByZoe Allen- Senior Editor
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0
Thyssenkrupp to close Indiana auto site
Photo: Prepared by Bond.az

German industrial conglomerate Thyssenkrupp will close its production site in Terre Haute, Indiana by end-March next year under an overhaul of its automotive unit.

Its chassis business will be focused at its facility in Hamilton, Ohio, the company added.

The Terre Haute site, which currently employs around 320 people, will be phased down in an orderly manner.

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Thyssenkrupp to close Indiana auto site | Bond.az