Delphi to cut 600 jobs
August 19, 2008, 6:41 AM / 0 comments
NEW YORK (AP) — Delphi Corp. says its electronics and safety division will lay off about 600 of its 3,200 U. S. salaried workers as part of a cost-cutting plan.
The Troy, Mich.-based company blamed lower orders for electronic components stemming from drops in consumer demand for new vehicles and shift in preferences toward smaller cars.
Spokesman Milton Beach said the job cuts are part of a plan to cut the division’s total costs by 25 percent.
The bulk of the jobs are based in Kokomo, Ind., Beach said.
Delphi said the job cuts will not affect its thermal operations in the Town of Lockport, which employs about 2,600 hourly and salaried workers. Delphi has been operating under Chapter 11 bankruptcy protection since October 2005.
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