Registrant’s telephone number, including area code: (248) 435-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Item 2.05
Costs Associated with Exit or Disposal Activities.
On April 29, 2015, Meritor, Inc. (the “Company”) announced a restructuring plan to further reduce headcount in South America, which was approved by the local union. This restructuring plan is in response to the current economic environment in South America which has weakened significantly in 2015. Commercial truck production in South America in fiscal year 2015 is now expected to be approximately 40 percent below the prior year. With this restructuring plan, the Company expects to eliminate up to 233 hourly and 21 salaried positions and incur $9 million in employee separation costs in the Commercial Truck & Industrial segment. Restructuring actions associated with this plan are expected to be substantially completed by June 30, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
