This extremely difficult decision is a direct result of the competitive pressure being experienced by our domestic automotive customers and the requirements they have for us to constantly reduce our manufacturing costs. |
We realize that this decision may adversely affect many employees that have been loyal to Eaton. We will therefore be providing severance, benefit continuation and outplacement services to assist them through the transition. |
We've looked into numerous options and reviewed them with government and union leadership and we just can't find a competitive scenario that would keep the facility open. |