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ThyssenKrupp Budd Company Plans To Phase Out Detroit Plant
May 16, 2006
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TROY, MI -- Automotive supplier ThyssenKrupp Budd Co. has announced plans to phase out its Detroit manufacturing plant. The plant makes metal stampings and assemblies such as roofs, doors, fenders, tailgates, liftgates and body side panels for cars, trucks and sport utility vehicles.

In meetings with plant management and the United Auto Workers Local 306, company officials said the phase-out will begin within the next several weeks and final shutdown could be completed by the end of the year. The company will be working with its customers regarding the transfer of work to existing Budd facilities.

ThyssenKrupp Budd, like other automotive suppliers, has seen a decline in orders which has created open capacity and the company is looking at ways to consolidate its manufacturing base. The company cited competitive pressure as one of the reasons for the phase-out.

ThyssenKrupp Budd Detroit Plant was constructed in 1919 and purchased by the former Budd Company in 1925 from the Liberty Motor Company.

Approximately 350 salaried and hourly people are employed at ThyssenKrupp Budd Detroit Plant. Many are long-time employees who are eligible for retirement.

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