Delphi (DPHIQ) plans to cut as many as 8,500 salaried workers, or 25% of its white-collar workforce globally, and is seeking to keep just eight of its plants as part of a massive restructuring of the automotive parts supplier. Delphi also said that it will file motions with a U.S. bankruptcy court in New York on Friday to void its labor contracts, a step that its unions including the UAW have said could trigger a strike. However, Delphi Chief Executive Steve Miller said that the company continues to negotiate with its unions. "We have made considerable progress in recent weeks, and we intend to stay at it until we are finished," he said in a statement. Up to 40% of corporate officer positions will be eliminated, Delphi said. The supplier said it expects to close or sell its non-core plants by 2008 to focus on higher margin products such as electronics, navigation and safety. ...
http://www.usatoday.com
censor News |
Editor - 08:59:00 03-31-06
|
 Jaruzelski charged over crackdown |
| Prosecutors have filed charges against Poland's last communist leader, General Wojciech Jaruzelski, over his imposition of martial law in 1981. Charges were laid by Poland's Institute of National Remembrance (I.. full News |
Editor - 08:57:00 03-31-06
|
| Iran quakes kill 66 |
| At least 66 people are believed dead and another 1,000 injured after three strong earthquakes hit western Iran overnight.The string of quakes and 12 aftershocks damaged or destroyed up to 330 villages, reports .. full News |
Editor - 08:53:00 03-31-06
|
| Unexpected warming in Antarctica |
| Winter air temperatures over Antarctica have risen by more than 2C in the last 30 years, a new study shows. Research published in the US journal Science says the warming is seen across the whole of the continen.. full News |
Editor - 08:50:00 03-31-06
|
| Catholic sex-abuse payouts still rising |
| Sex-abuse accusations against the nation's priests were down last year, but the flood of millions of dollars in payouts more than tripled and shows no signs of stopping, the United States' Roman Catholic bishop.. full News |
Editor - 23:45:00 03-30-06
|
| Workers fail to seal China leak |
| Workers have failed in a third attempt to seal a poisonous leak from a gas well in the remote hills of the Chongqing region of China. Although there have been no injuries, around 15,000 people have been evacuat.. full News |
Editor - 22:14:00 03-30-06
|
|
| post The Good, The Bad and The Ugly |
|
|
