Manufacturing Industry
The way forward.(the finishing touch)
Products Finishing, March, 2006 by Destefani, Jim
Since last October, Delphi, the world's second-largest auto parts manufacturer, has filed for bankruptcy and laid plans to dramatically downsize its U.S. operations. General Motors, Delphi's erstwhile parent company and largest customer, weighed in shortly after with its plan to cut 30,000 jobs and stop production at a dozen North American plants by the end of 2008.
More recently, on a gray Monday in late January, Ford Motor Co. acknowledged that it lost $1.6 billion on its North American automotive operations last year. The same day, Ford announced a sweeping restructuring plan called "The Way Forward." The downsizing plan calls lor the closure of multiple assembly and parts plants, with an attendant loss of 25,000--30,000 jobs. When the plants are...
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