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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (45964)	1/8/2002 1:04:44 PM
From: Sully-	Read Replies (1) of 65232

Delphi Automotive Idles 150 Workers Delphi Automotive Lays Off 150 in Harrison Thermal Division DAYTON, Ohio (AP) -- Delphi Automotive Systems Corp. laid off 150 workers in its Harrison Thermal Systems division because of slowing automotive production. The layoffs at one of the division's two Moraine plants included 100 production jobs and 50 skilled trades jobs, the company said. ``We're trying to adjust our production to our customers' requirements,'' Delphi spokesman Lindsey Williams said. ``And the reality of it is we need fewer employees to meet those requirements.'' Williams said orders for air-conditioning compressors have dropped considerably, partly due to the discontinuation of zero-interest financing packages that boosted auto sales after Sept. 11. He said he anticipates ``a continued softening'' in the auto market. Troy, Mich.-based Delphi, the world's largest auto parts supplier, has started massive restructuring effort to cut 13,000 jobs by the end of the first quarter. Harrison Thermal Systems manages two plants that employ about 1,800 hourly and 240 salaried workers. Managers have told employees that future operations are at risk unless productivity and profitability improve.

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