Meritor Suspension Systems has announced it is closing its auto coil springs plant in Milton, Ontario. This follows an earlier notice that its parent company will close a truck brake parts plant in Tilbury.
From the press release: "We are experiencing unprecedented economic pressure within the global automotive industry," said Gerald Anderson, president and general manager, MSSC. "This closure reflects actions we are taking to reduce fixed costs in response to significantly lower vehicle production volumes."
The company is currently evaluating the transfer of this business to other MSSC facilities in North America.
Translation: We're moving to Mexico.