General Cable Corp., Highland Heights, Ky., said it will significantly reduce operations at its Marion, Ind., manufacturing facility. Most of the product lines currently manufactured in the plant will be moved to other General Cable facilities.
The company said the move will result in a charge of about $16 million. The company estimates that about $10 million of the charge will be taken in the fourth quarter of 2003. The remainder will be taken in the first half of 2004.
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