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Acushnet altering focus; Firm to cut lines, ax 500 positions.

Publication: Rubber & Plastics News
Publication Date: 20-AUG-01
Format: Online
Delivery: Immediate Online Access
Full Article Title: Acushnet altering focus; Firm to cut lines, ax 500 positions.(Acushnet Rubber Co Inc.)(Brief Article)

Article Excerpt
NEW BEDFORD, Mass.-Acushnet Rubber Co. Inc. plans to drop several of its businesses to focus primarily on its core O-ring and seal ring production, cutting 500 New Bedford jobs in the process.

The New Bedford-based rubber product manufacturer announced the restructuring Aug. 9, saying the shake-up was caused by the lingering automotive industry downturn, price wars with competitors and ``unprofitable ventures'' into additional markets.

Acushnet's O-ring and seal ring business will continue to serve the automotive market as well as other...

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