Delco Remy International Inc. says it will lay off 860 employees, or 12% of its workforce, in an effort to restructure its manufacturing facilities in the U.S., the U.K. and Canada. Roughly 800 of the jobs will be eliminated in the U.S. and Canada. The auto parts maker plans to take $22 million, or 84 cents per share, in after-tax charges for the fiscal fourth quarter, mainly from employee separation programs related to the realignment. Delco Remy says the restructuring will save $20 ...

Premium Content (PAID Subscription Required)

"Delco Remy to Cut 860 Jobs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.