Friday, December 10, 2004

Delphi job cuts

"The rise in wholesale prices has not yet filtered down to consumers to any great degree, which has left many companies with tighter margins and the prospects of reduced growth, or even modest downsizing. Auto parts maker Delphi Corp. said it plans to cut 8,500 jobs in 2005, with 5,500 of those cuts coming from overseas jobs. The company also reduced its fourth quarter earnings forecasts to reflect the cuts and lower sales. Delphi lost 34 cents to $8.30."

**HIGHER COSTS......CAN'T PASS THEM ON......time for a new round of job cutting to greater profits?

D.....I will try to come back Sat and add my FRI and weekend comments.

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