Jobs Eliminated at Visteon

April 5, 2001
Auto and truck parts maker Visteon Corp. said it will eliminate about 1,800 jobs worldwide, including 12% of its U.S. salaried workforce effective immediately, as North American vehicle production slows. The jobs to be cut by the Dearborn, Mich.-based company include about 950 U.S. employees, spokeswoman Liane Smyth said. In January, Visteon announced a reorganization plan to split itself into two
Auto and truck parts maker Visteon Corp. said it will eliminate about 1,800 jobs worldwide, including 12% of its U.S. salaried workforce effective immediately, as North American vehicle production slows.

The jobs to be cut by the Dearborn, Mich.-based company include about 950 U.S. employees, spokeswoman Liane Smyth said.

In January, Visteon announced a reorganization plan to split itself into two regional business teams, one for North America and Asia and the other for Europe and South America.

Visteon, which was was spun off by Ford Motor Co. last June, said it will take a charge of about $135 million in the second quarter to complete the job reductions.

The company said it will review its business outside the U.S. and plants in the U.S. Visteon has 33 plants in the U.S., Canada and Mexico, and 85 facilities total worldwide. The company has 31,400 workers in the U.S. and 82,000 worldwide.

About the Author

Tim Parry

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!