• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Traer factory to close

Traer factory to close

May 31, 2007 By admin

An auto parts factory in the Waterloo area is announcing plans to close, eliminating 150 jobs. Traer Manufacturing in Traer plans to start layoffs this July, with the full shutdown of the plant in July of 2008.

The parent company is Magna International, based in Ontario, Canada. Company officials blame the closure on the softening U.S. auto industry. Magna says it will try to place employees in other company plants and will offer other assistance. 

Share this:

  • Facebook
  • Twitter

Filed Under: Business Tagged With: Employment and Labor

Featured Stories

Bill would limit placement of solar arrays on farm ground

Marquette casino moving to land, leaving only 2 casino boats in Iowa

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

TwitterFacebook
Tweets by RadioIowa

No coaching changes coming for Iowa football

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC