Denso cuts 177 jobs, cites weak automotive market


NEW YORK, June 27 (Reuters) - Japan's Denso Corp. said on Thursday that it has cut 177 jobs at two facilities in California, reflecting softness in the market for telematics, or wireless services aimed at the auto market. The Southfield, Michigan-based U.S. unit of Denso said the 177 jobs were cut at Denso Wireless Systems America Inc. in Vista, and LA Laboratories in Carlsbad, both in southern California. Denso employs 87,000 people worldwide. Ted Toyoda, president of the two units, ...

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