(Bloomberg) - Delphi Corp., the bankrupt former parts unit of General Motors Corp., said it will cut 600 salaried jobs in the U.S. as its sales to automakers decline.
The company's electronics and safety division is making the reductions as part of an effort to trim costs by 25 percent, said Milton Beach, a spokesman for the Troy, Mich.-based supplier.
Delphi is trying to reduce expenses after posting a $551-million second-quarter loss as sales to GM, its largest customer, declined. The job cuts, to be completed by the end of the year, affect workers in Indiana, Michigan, Ohio and Wisconsin.
"Consumer trends and market conditions have caused fundamental shifts in consumer preferences, impacting both the volume and mix of vehicles produced by our North American customers," Jeff Owens, president of the division, said in a statement.
Beach said today's announcement doesn't affect hourly workers. The division has 229 hourly employees on layoff.
Source: http://www.marketwatch.com/news/story/delphi-cut-600-salaried-jobs/story.aspx?guid={DD59DD7C-B5E9-4ECB-9438-5A62FEE60DC3}&dist=hpmp 
