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March 5, 2021
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Delphi Cuts
(2008-08-18)
(wgvu) - NEW YORK (AP) - Delphi 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.
Milton Beach, a spokesman for the auto supplier, says the job
cuts are part of a plan to cut the division's total costs by 25
percent.
Beach says the bulk of the jobs are business and engineering
related and based in Kokomo, Ind.
Delphi has been operating under Chapter 11 bankruptcy protection
since October 2005.
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