Chrysler supplier to close due to slowdown in business

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BELVIDERE, Ill. (WIFR) – A supplier to the Chrysler Assembly Plant in Belvidere is closing up shop.

International Automotive Components or IAC has announced it will be permanently closing by the end of the year due to a slowdown in business. The closure is expected to affect 24 workers.

The first layoffs will take place at the end of the month. The company opened the facility on Landmark Drive back in 2011.