Delphi to cut 500 salaried jobs by Dec. 31

TROY, Mich. (Oct. 6)—Delphi Corp. confirmed reports that Oct. 2 it offered a voluntary separation program to U.S. salaried employees as a way of eliminating 500 positions or 3 percent of its salaried work force. The effort is in line with Delphi's ongoing efforts to reduce costs, a Delphi spokeswoman said, without releasing projected cost savings. The companywide initiative does not target any specific plants, she said. Participating employees will leave Delphi by Dec. 31, and if the automotive supplier does not get enough volunteers, it will resort to layoffs to meet its cost-reduction goals, the spokeswoman said.