Thursday, June 30, 2005
Wither Detroit
Visteon to slash benefits
The cuts continue in Detroit as the auto parts suppliers continue to battle low cost competition from Asia. We've talked about this here at EIE for some time now, staring with the prediction a Michigan attorney gave me that the supplier industry in Michigan would soon be shedding jobs and moving production to China. I just didn't think it would be happening this quickly.
http://money.cnn.com/2005/06/30/news/fortune500/visteon/index.htm
The cuts continue in Detroit as the auto parts suppliers continue to battle low cost competition from Asia. We've talked about this here at EIE for some time now, staring with the prediction a Michigan attorney gave me that the supplier industry in Michigan would soon be shedding jobs and moving production to China. I just didn't think it would be happening this quickly.
http://money.cnn.com/2005/06/30/news/fortune500/visteon/index.htm
