AUTOMOTIVE SUPPLIER Delphi Corp. announces plans to cut 470 salaried jobs in U.S.

The auto supplier hopes enough people agree to take early retirement.
Delphi Corp. is looking again to cut its salaried work force.
The Troy, Mich.-based automotive supplier, which is the parent of Delphi Packard Electric Systems, said it intends to cut 470 salaried jobs in the United States, or about 3 percent of its salaried workers.
Doug Hoy, a spokesman for Warren-based Packard, said the company isn't disclosing its targets by division or by plant. Packard has about 1,900 salaried workers in the Mahoning Valley.
Delphi is offering undisclosed incentives to encourage workers to leave voluntarily by the end of the year, he said. Terminations are possible if enough people don't take the offer, he said.
The company announced the cutbacks after evaluating its expected business levels, he said.
Products
Delphi, though branching into other industries, is the world's largest automotive supplier. Packard makes electrical and electronic components, such as switches and wiring harnesses.
Early last year, Delphi announced that it reached a similar voluntary cutback in salaried workers without layoffs. About 1,400 workers, including 650 in North America, accepted early retirement.
Packard recently moved out of its company headquarters in Liberty and transferred executives to its Dana Street plant in Warren. It also has been moving out of other buildings in the area as leases expire.