Around 100 manufacturing jobs will
be lost in the UK after the world’s largest car parts manufacturer decided to
close its steering-gear plant in Southampton.
Delphi Automotive Systems announced
that 11,500 jobs will go worldwide to combat falling car sales in Europe and
About $900 million of the US
company’s businesses are to be closed after a three-month review. Three factories are to be closed or sold in
the US as part of a restructuring plan that involves six factories in France,
Italy, Germany, and Brazil, as well as the UK.
The company which has 190
manufacturing plants in 31 countries, issued a profits warning yesterday,
predicting a net loss of up to $50 million in the first quarter of 2001.
By Karen Higginbottom