BorgWarner plans to cut an extra 250 jobs in the United States due to production slowdowns at automakers it supplies.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The supplier’s CEO, Tim Manganello, told the Reuters news agency job cuts now totalling 1,250 were part of an effort to prepare the supplier for a still-developing industry slump that would represent “18 months of bad road” stretching into 2010.
The report said the layoffs would account for about 20% of BorgWarner’s North American work force. BW had announced 1,000 cuts last July.
Manganello also told Reuters BorgWarner was in “active” talks to buy other auto suppliers and searching Europe for companies that could boost its range of fuel-efficiency and emissions control technologies.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
