Tenneco Automotive cuts 250 staff, consolidates in Far East

By Liz White, ERJ staff
Lake Forest, Illiniois-Tenneco Automotive aims to save $20 million (Euro 16 million) a year by cutting up to 250 of its middle and senior management (about six percent of the total). The move is part of restructuring aimed, among other things, at dealing with the effects of high raw material prices, said Mark Frissora, chairman and ceo, in a 28 Oct statement.

Tenneco will also consolidate its Australia/New Zealand operations with those in Asia to create a new Asia-Pacific business unit,…

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