Delphi Raises Job Cuts To 9,500

[hatrack]

"Delphi Corp., the world's largest maker of auto parts, said Monday that it will cut 19 percent more jobs than planned this year as it struggles with waning demand from automakers and rising costs for steel and plastic.

Delphi will trim 1,500 jobs in addition to the 8,000 announced in October 2003, Chief Executive J.T. Battenberg III said in an interview, about 5 percent of its total work force as of Dec. 31. Delphi, based in Troy, Mich., will probably need to shed more jobs next year, Battenberg said.

The company has been cutting jobs as steel and plastic prices increase while U.S. automakers Ford Motor Co. and General Motors Corp. trim production and inventory."

EDIT

http://www.stltoday.com/stltoday/business/stories.nsf/story/AB1D24F9CAB1DDD086256F3200024371?OpenDocument&Headline=Delphi+raises+job+cuts+to+9,500

[daa]

1. The economy has turned the corner

there are lots of good jobs with benefits. Here that Ohio?