Two people sent me links to this story in the Minneapolis Star Tribune. JCI has bigger problems than its legal squabble with five angry taxpayers in Duluth, Minnesota.
The gist of the story:
MILWAUKEE – Johnson Controls Inc. said Friday it will cut jobs and close 10 manufacturing plants as part of a restructuring effort that it said will cost between $200 million and $215 million.
The company, whose products include automotive parts, batteries and building systems, did not say how many employees will be affected or which plants it will close. A company spokeswoman was not immediately available for comment early Friday.
The announcement marks the second recent restructuring effort at Johnson Controls, which has been hit hard by the downturn in global vehicle production. In September, the company announced a $495 million program of plant closures and job cuts, which it said is now two-thirds complete.
