Delphi Corp. plans to cut 8,500 jobs in 2005, while continuing to work to reduce discretionary costs and capital requirements as the supplier revises its fourth-quarter and 2004 earnings guidance to reflect pressures from lower global production volumes and higher commodity prices. Delphi also is placing three more facilities (Laurel, MS; Kettering, OH; Home Avenue/Vandalia, OH) into its Automotive Holdings Group Jan. 1 to address under-performing sites. The supplier now forecasts ...
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