IKE...how good is the economy again?
You go tell these hard working people how good it is.
Ignore those jobless claims today...it's old news and govt. alterd data anayway. Yes..our Govt alters data, believe it.
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Thursday March 29, 7:53 am Eastern Time
Delphi to cut 11,500 jobs, exit $900 million in products
TROY, Mich., March 29 (Reuters) - Delphi Automotive Systems, (NYSE:DPH - news) the world's No. 1 auto parts supplier, said on Thursday it would slash 11,500 jobs, or 5 percent of its global workforce, and cut businesses generating about $900 million in annual revenues in a restructuring plan prompted in part by uncertainty over auto industry output.
Troy, Mich.-based Delphi said it would sell, close or consolidate nine plants and cut workforces at more than 40 other facilities. The company also said it would take a charge in the first quarter of $400 million after taxes. |
