Delphi Automotive to Close Nine Plants and Cut Nearly 11,500 Jobs

As a result of uncertain automotive production volumes and the decision to more rapidly implement long-term portfolio plans, Delphi Automotive Systems Corp., Troy, MI, has confirmed intentions to sell, close, or consolidate nine plants, downsize the workforce at more than 40 other facilities plus cut other selected products. The restructuring plan will ultimately reduce worldwide employment by approximately 11,500 positions (5 percent of global workforce; 5,600 or 10 percent of U.S. hourly employees; 2,000 or 11 percent of U.S. salaried employees; 3,900 employees in non-U.S. locations). The plan includes cutting approximately $900 million of the company's businesses previously said to be under portfolio review. Dephi plans to take a charge against first quarter 2001 earnings and further enhance shareholder value. Delphi is in various stages of the consolidation, closure, sale, or negotiations process at the following locations, to be included in the restructuring: Ande, France; Betim, Minas Gerais, Brazil; Piracicaba, Brazil; Bochum, Germany; Casoli, Italy; Southampton, UK; Fort Defiance, Arizona, USA; Robertsdale, Alabama, USA; and Saginaw, Michigan, USA, Plant #2.