Word: delphi
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Dates: during 2000-2009
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...continues to make news. Last week American Express announced it was shedding more than 5,500 employees--on top of the 7,700 it cut earlier in the year. Similar dire notices came last week in industries as diverse as health insurance (Aetna), semiconductors (Applied Materials) and automotive products (Delphi). Fear of job loss is spreading among workers in retailing, which is expected to downsize sharply in 2002. Even the booming health-care sector isn't safe if the recession continues into the second half of next year, says John Challenger, CEO of the outplacement firm Challenger Gray & Christmas...
...tours involving activities like hiking or white-water rafting, the grandparents obviously need to be in good physical condition. But most tours allow for the differing energy and attention levels of the eight-year-old and the 80-year-old. When Familyhostel's tour of Greece reaches Delphi, reports director Robert McCaffery, the kids run to the top of the hill and around the stadium, working off energy, while the grandparents absorb history at ground level. Still, as Elderhostel's Richard Harris says, "any grandparent may find a whole week in charge of a child pretty exhausting...
...Europe, BMW built a new plant in Spartanburg, S.C., which now exports the company's popular X5 SUV to 100 countries. Aiming to develop technologies such as alternative-fuel engines and drive-by-wire (an electronic, joystick-controlled steering system), Milberg forged partnerships with Robert Bosch and Delphi Automotive. Karl Ludwigsen, an auto analyst in London, contends that a carmaker need not be huge to survive. Rather, he says, "you've got to be big in the segments in which you compete, and you've got to be competitive in those segments globally...
...Johnson) or works of modern art (Thomson electronics). Some have in-house banks, cafeterias, spic-and-span bathrooms and, increasingly, on-site training in new technologies unfamiliar to illiterate peasants from Oaxaca. Jaime Garcia, 31, an engineer from Torreon, heads an all-Mexican team of 16 young designers at Delphi Automotive Systems' Technical Center, working on steering-column prototypes for U.S. cars due out in 2004. From his wide-windowed floor, Garcia has a panoramic view of both cities. He admits that the border isn't Silicon Valley. "But we can see that kind of future from here," he insists...
...Juarez is growing up across town from the old colonias, partly the result of a public-private partnership. Delphi joined Mexico's federal-housing agency in a project to build affordable homes (from $15,000 to $18,000 each) in safe neighborhoods as little as 15 minutes by bus from the plants. The program has helped cut Delphi's employee turnover from as high as 10% a month to 1.2% a year--and put newlyweds Giron and his wife Tania, via Delphi's employee savings plan, into a two-bedroom bungalow with a modern kitchen and interior, done in beige...