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| October 16, 2008 | |||||||||||||||||||||||||||||||||||
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Industry Brief |
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A Smaller Delphi Emerges from Bankruptcy Three years after filing for bankruptcy, Delphi Corp. appears to have finalized a plan for reorganization, reports The Detroit Free Press. A major component of the Delphi’s proposed rebirth is the agreement by General Motors to provide $10.6 billion in support of the automotive supplier’s restructuring. Included in that total is GM’s assumption of $3.4 billion in pension obligations for hourly workers. “Now Delphi is smaller in just about every way—sales, business units, number of workers and what it pays those workers,” writes Free Press reporter Jewel Gopwani. The company has cut its hourly workforce by two thirds and pared its U.S. manufacturing base to eight plants. It also sold several of its business units, including its steering, catalyst and interiors businesses. Read the full story.
Makeitmetal Headline News Johnson Controls Recognizes Top Suppliers Earlier this month, Johnson Controls, Plymouth, MI, handed out 35 awards to 33 supplier companies, to acknowledge their performance and dedication to quality. Among the recipients of Gold 2008 Supplier Performance Award winners were Automated Spring Products Inc., Grand Haven, MI. more... Manchester Tool & Die Makes the Move into Fabrication Press brakes, a plate roll, plasma-arc-cutting equipment and arc-welding equipment fill the new fabricating plant recently opened by Manchester Tool & Die, Inc., North Manchester, IN. Two press brakes offer capacity of 3/8 in. by 6 ft. long, and 1⁄4 in. by 10 ft. long. more... Olson Intl. Earns Delphi Recognition Olson International Ltd., Lombard, IL, a supplier of precision metal stampings and assemblies and a designer and builder of metal-stamping dies, received Delphi Corp.’s Above & Beyond Award for Supplier Excellence. The award, established in 2007, recognizes suppliers for excellent service beyond their contractual obligation. more...
Metalforming magazine From Promise Maker to President Tuesday, November 4, U.S. voters decide who will assume the top executive post for the next four years. The two main players, Sen. Barack Obama and Sen. John McCain, have crisscrossed the land developing, communicating and adapting their leadership messages, with much attention paid to economic issues. Where do the candidates agree, and where do they differ, in proposed policies near and dear to domestic manufacturers and their employees? To find out, we spent the spring and summer contacting both campaigns and asking them to address manufacturing-industry concerns. The campaigns responded by not responding so we kept trying, and eventually we were told that the candidates’ staffs were too busy to respond, which makes us wonder what attention manufacturing will get after November 4. |
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