BorgWarner Inc. announced Friday it is reducing its North American workforce by about 850 people, or 13 percent, over its 19 operations in the U.S., Canada and Mexico. The changes are necessary due to a decrease in customer volume and are expected to be nearly completed by the end of October.
βWe continue to adjust our North American operations to the realities of the regionβs drastic volume declines and customer restructurings, despite the fact that our growth in other parts of the world remains strong,β said Tim Manganello, chairman and CEO.
Manganello continued: βAll of our North American operations are affected by the significant recent actions at Ford, DaimlerChrysler, General Motors and other customers. This is more than a βone customer, one productβ issue. We are resizing our North American operations in response to current market conditions, and will continue to proactively manage our North American business as we build infrastructure in those regions of the world where we are growing.β