LAS VEGAS, Jan. 27, 2015 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it is launching "Shoes for Soldiers" to help severely wounded, injured or ill veterans become leaders in business, government and their communities by contributing a percentage of its remanufactured brake shoe sales to the Wyakin Warrior Foundation.
Meritor will donate up to $50,000, which includes a $20,000 match from the Meritor Trust Fund, to the Boise, Idaho-based Wyakin Warrior Foundation. The foundation's comprehensive program positions wounded veterans for personal and professional success. Current participants are pursuing degrees in many areas, including engineering, business, law, criminal justice, education and computer science.
"The need among wounded veterans is great, and we want to express our appreciation for the sacrifices they have made for all of us by joining with Wyakin to help them prepare for a successful future," said Tim Bauer, director, Remanufacturing for Meritor.
More than 51,000 members of the armed forces have been seriously wounded or injured in combat since the 9/11 attacks on the World Trade Center, according to the Wyakin Warrior Foundation. Sixty percent of post-9/11 disabled veterans are unemployed or have dropped out of college.
The foundation's 60-month program includes educational and financial support, monthly professional development seminars, community service projects and networking opportunities for job placement.
"A significant percentage of funds donated to the Wyakin program directly helps severely wounded or injured veterans ̶ and that's important, because the program cost for one participant is $25,000," said Todd Monroe, executive director, Wyakin Warrior Foundation. "Our young veterans participating as Wyakin Warriors will benefit greatly from Meritor's generous contribution as they position themselves for success in a meaningful career and within their communities."
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 9,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 18 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at meritor.com.
SOURCE Meritor, Inc.