30 June 2008 21:28 [Source: ICIS news]
HOUSTON (ICIS news)--US automobile maker Chrysler plans to idle a minivan plant near St Louis, Missouri, effective on 31 October, the company said on Monday.
Automobiles are an important chemical end market, in that each has an average of $2,400 (€1,512) worth of chemistry, according to the American Chemistry Council (ACC). Automobile parts include rubber hoses, plastic dashboards, catalysts, fibres, adhesives and coatings.
Chrysler also plans to remove a shift at its St Louis North plant, which makes full-size trucks, the company said. The plant will have one shift once the reduction goes into effect on 2 September.
The cuts will remove 2,400 hourly jobs, Chrysler said.
US automobiles have struggled as more consumers are buying fuel-efficient cars instead of trucks and other large vehicles.
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