Business Services Industry
Layoffs idle thousands at large auto suppliers.(Delphi Automotive Systems Corp., Visteon Corp., Textron Automotive Company Inc., DaimlerChrysler AG)(Brief Article)
Crain's Detroit Business, January, 2001 by Miel, Rhoda
A volatile North American auto industry is continuing to shake up employment levels for suppliers, with temporary layoffs and permanent staff reductions. The world's two largest suppliers, Delphi Automotive Systems Corp. (NYSE: DPH) and Visteon Corp. (NYSE: VC), combined to place more than 10,000 hourly workers on temporary layoff last week, with more rolling cutbacks planned.
Other large suppliers have been following suit. At Troy-based Textron Automotive Co. Inc., 400 salaried employees are packing up. The move is part of a 3,600-person staff reduction throughout the supplier's Providence, R.I.-based parent corporation, Textron Inc. Suppliers said they expect carmakers to settle into a predictable pace within a few months. Shutdowns and reduced sales are...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn’t Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express