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Primed for success, Delphi
Primed for success, Delphi will still shrink
Posted Friday, Oct 9, 2009, 11:49 am in Employee News
Delphi Holdings LLP president and CEO Rodney O’Neal says the Troy, Mich.-based auto supplier, fresh from a four-year-stay in bankruptcy, is well positioned to succeed as a smaller, leaner company, The Detroit News reported.
In an interview Thursday, O’Neal said the company booked $85 billion to $90 billion in new business during its restructuring, the paper said. But O’Neal said Delphi will likely have to shrink further, in part due to the smaller markets the company serves, the News said.
Delphi has said it expects to have about 5,500 U.S. employees by year’s end, when the company will operate just three U.S. factories, compared with 29 in 2005, the paper said. When the company declared bankruptcy, it had about 50,000 U.S. employees, the story said. (The Detroit News)
__________________
Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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