Home News UPDATE: Leoni will close 2010 two additional sites

UPDATE: Leoni will close 2010 two additional sites

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By Nico Schmidt
DOW JONES NEWSWIRES 


NUREMBERG (Dow Jones) – The automotive supplier Leoni is in This year, as announced, to close two other locations. Be affected will be plants in Poland and Portugal, as Uwe Lamann, Chairman Leoni Wiring Systems division of the AG, on Wednesday at the Annual press conference in Nuremberg said.

The closures had Leoni as part of the comprehensive Restructuring plan announced in mid-December. A Company spokesman stated that provisions for Plant closures had already been formed.

This will be the sixth and seventh location, the MDAX-listed company in the wake of the economic crisis closes. 2009 are, according to Lamann four sites were closed, and in Hungary, Romania and Italy.

   

Website: www.leoni.com

-By Nico Schmidt, Dow Jones Newswires, +49 (0) 69 - 29725 114,
nico.schmidt @ dowjones.com

DJG / ncs / jhe
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(END) Dow Jones Newswires

March 24, 2010 06:47 ET (10:47 GMT)

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