Discuss Detroit Archives - Beginning January 2006 Visteon shifts resources offshore Previous Next
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Rustic
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Username: Rustic

Post Number: 1942
Registered: 10-2003
Posted From: 130.132.177.245
Posted on Thursday, January 12, 2006 - 2:16 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Visteon shifts resources offshore
...

Visteon hopes to shift half its engineering operations to low-cost countries by 2008, a move that could cost hundreds of American engineers their jobs. Visteon has 3,600 engineers worldwide. Of those, 70 percent are in what Visteon considers high-cost countries, including more than 1,500 in North America. Stebbins said he wants to have 48 percent of his engineers in low-cost countries by 2008.

By shifting the bulk of the company's work force to low-wage countries, Visteon hopes to become profitable. Visteon has yet to post an annual profit.

All Visteon factories in Michigan were transferred back to Ford or the Ford-run holding company, with the exception of a joint-venture facility in Benton Harbor in which Visteon has a minority stake. However, the company's large and increasingly vacant global headquarters remains in Van Buren Township.

Visteon spokesman Jim Fisher said the company has no plans to close the $300 million campus, which opened just months before the deal with Ford was announced. "Our plan is to utilize this facility with Visteon employees as fully as possible," Fisher said, but wouldn't provide employee numbers.

...

I am curious
how many work at HQ?
engineer numbers?
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Livernoisyard
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Username: Livernoisyard

Post Number: 73
Registered: 10-2004
Posted From: 69.242.223.42
Posted on Thursday, January 12, 2006 - 4:53 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Prospective downtown-bound Visteon is again in the financial news the past 24 hours:

Visteon Announces Restructuring Plan

Visteon falls on broker pessimism
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Digitaldom
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Username: Digitaldom

Post Number: 422
Registered: 08-2004
Posted From: 67.149.110.53
Posted on Saturday, January 14, 2006 - 2:21 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

This is a very stupid trend to be honest with you... They are way late in the game to off-shore... In 10 years that off-shore gold mine the companies think exist will be gone.. And the jobs will come back... God help the US before that happens...
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Ray1936
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Username: Ray1936

Post Number: 196
Registered: 01-2005
Posted From: 207.200.116.139
Posted on Saturday, January 14, 2006 - 2:46 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Ah, the highly-educated MBA's strike again.......

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