DriveSol Worldwide Inc., a Watertown plant that makes steering column shafts for the automotive industry, plans to shut down and lay off 241 workers.
The company, based in Troy, Mich., says it plans to close the plant between now and March 15.
Plant Manager Gabe Rosa says the facility is closing because of the severe downturn in the U.S. automotive industry.
Rosa says DriveSol’s sales are way down and the company is also closing a plant in Kandallville, Ind., and its U.S. headquarters in Michigan.
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Workers in Watertown make steering components, including intermediate shafts and column shafts, for General Motors, Chrysler, and other automotive customers. (AP)
