Tenneco Inc. (NYSE:TEN) announced today its intention to discontinue its Marzocchi motor bike fork suspension business and its mountain bike business, and liquidate its Marzocchi operations.
These actions are subject to a consultation process with the employee representatives and in total would eliminate approximately 138 jobs.Tenneco currently employs 127 people at the Marzocchi plant in Bologna, Italy and an additional 11 people in its operations in North America and Taiwan.
Tenneco intends to … More
This entry was posted
on Wednesday, July 22nd, 2015 at 7:41 pm and is filed under Cycling, Motocross, Motorcycle, Mt. Bike, Roadracing, Street Riding.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.