Canadian Plastics

Delphi to slash 8,500 jobs (February 01, 2005)

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Auto parts maker Delphi Corp. said it will cut 8,500 jobs from its global work force as part of a major restructuring next year. The company has already eliminated over 9,000 jobs in the first nine mo...

Auto parts maker Delphi Corp. said it will cut 8,500 jobs from its global work force as part of a major restructuring next year. The company has already eliminated over 9,000 jobs in the first nine months of 2004.

Delphi, the world’s largest automotive supplier, is expected to lose about $350 million this year. Of the 8,500 announced job cuts, Delphi said 3,000 were expected to be U.S. hourly employees, and 5,500 would be from other operations.

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