Borg-Warner closing - Wow

This just came though from the IBJ. That is about all I can say. Wow. I think we have all been too dependent on the automotive industry but this still remains a shock. Probably more of a shock than Guide closing that had been predicted for years).

BorgWarner Inc. said this morning it will close its 780-employee Muncie powertrain components plant to cut costs.

In December, the union voted unanimously against reopening its contract two years early, after the Auburn Hills, Mich.-based company threatened to close the plant if workers didn't accept cuts in benefits.

It's not clear if some of the workers at the Muncie plant will have the opportunity to transfer to other BorgWarner operations.

This is third announcement this year of a major Indiana auto plant's closure.

Last week, Visteon Corp., based in Van Buren Township, Mich., said it would close its Connersville parts plant Sept. 1, throwing 890 out of work. And in January, Pendleton-based Guide abruptly closed a taillight plant. That closing affected about 1,000 employees.