US parts supplier BFGoodrich (BFG) is to consolidate its landing gear business, closing at least one plant and eliminating 500 jobs. The move should generate most of the $35 million in annual savings projected when BFG merged with Coltec Industries in July.
The merger brought together Coltec's Menasco landing gear unit and BFG's wheels and brakes operation. The combined business will be organised around the commercial transport, regional, business and military markets.
Manufacturing will continue in Tennessee and Cleveland, Ohio, and at Oakville in Ontario, Canada, supplying parts for assembly at the latter two sites and in Seattle. One unnamed facility will close, however, while the future of Menasco's base in Euless, Texas, is in doubt. BFG will take a charge in the fourth quarter to cover consolidation costs.
Source: Flight International