Delphi to Cut 8,500 Jobs
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Auto parts supplier Delphi Corp.  DPH.N said on Friday it plans to cut 8,500 jobs, or up to 5  percent of its work force, in 2005 because of vehicle  production cuts by its North American customers and rising  materials costs.
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Software maker Computer Associates  on Wednesday said it would cut 800 jobs, or 5 percent of its work force, to pare costs amid stiff competition in software and services.
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Delphi Corp. , the bankrupt  auto-parts maker, said on Monday that 12,600 employees  represented by the United Auto Workers union agreed to retire  as the company reorganizes its business.
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DETROIT, Feb. 13  â The auto parts maker Delphi said Tuesday that it lost $2 billion in the third quarter, attributing half the loss to buyout costs for 20,000 unionized workers.
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Software maker Computer Associates  CA.N on Wednesday said it would cut 800 jobs, or 5 percent of  its work force, to pare costs amid stiff competition in  software and services.
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Computer Associates International said today that it plans to cut 800 positions worldwide, or 5% of its workforce, in the hope of shaving $70 million annually off its operating costs.
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Network gear maker Enterasys Networks Inc.  on Friday said it would cut about 115 jobs and said expects to record severance charges of &#36;3.5 million to &#36;3.8 million.
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EarthLink Inc  said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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Network gear maker Enterasys Networks  Inc. ETS.N on Friday said it would cut about 115 jobs and  said expects to record severance charges of $3.5 million to  $3.8 million.
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Sovereign Bancorp. said yesterday it will cut 800 jobs, 77 of them locally, from its workforce of almost 9,000 and close most of its wholesale mortgage operation in an effort to slash costs by $100 million annually.
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Auto parts supplier Delphi Corp. said on Friday it plans to cut up to 5 percent of its work force in 2005 because of increasing pressure from North American vehicle production cuts and rising materials costs.
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TriQuint Semiconductor Inc. said Monday that it is cutting about 200 jobs as part of a plan to save $18 million per year by restructuring its optoelectronics business.
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THE SITUATION: Squeezed by rising materials and health care costs and lower vehicle production, No. 1 auto supplier Delphi Corp. plans to cut 8,500 jobs worldwide next year after eliminating more than 9,000 in 2004.
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Communications chip maker Agere  Systems Inc. AGRa.N on Wednesday said it will cut 500 jobs  and sell or close a plant in Florida that employs 600 people in  order to reduce costs amid slowing sales.
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National Semiconductor Corp., which makes analog chips used in cell phones, computers and televisions, said Thursday it is cutting about 550 jobs, or about 6 percent of its global work force, as it copes with an inventory buildup and lower demand.
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Troubled US car parts maker Delphi  outlines plans to shut down a factory in Spain leaving 1,650 jobs at risk.
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(December 10, 2004) - Delphi Corp. said Friday it plans to cut 8,500 jobs â-r 4.6 percent of its total work force â -ldwide next year as part of an ongoing restructuring.