Suppliers to Benchmark the Cost of Auto Industry Absenteeism
A dozen U.S. auto suppliers hope next month to finish a two-year effort to determine the cost of lost productivity due to absenteeism and “presenteeism” -people who are on the job but not functioning at appropriate productive levels. The group, dubbed the Automotive Supplier Action Committee, says it focused upon the industry’s hourly workforce, where absenteeism is roughly 10 percent, or about three times that of other industries.
Greg Potter Named 2004 ETI President
Greg Potter of Chief Automotive Systems has been elected 2004 president of the Equipment and Tool Institute (ETI).
Visteon Projects Profit After Losses
Visteon Corp. expects to earn a small net profit this year after losing at least $1.6 billion from 2001 to 2003, executives said Thursday. If Visteon turns a profit this year, it would be the first since 2000, the year the auto parts maker separated from Ford Motor Co. In a briefing for Wall Street analysts in conjunction with the North American International Auto Show, Visteon laid out its financial expectations for the first time in at least a year.
Nearly 35,000 Manufacturing Professionals Expected at National Manufacturing Week
Nearly 35,000 manufacturing professionals from more than 10,000 companies are expected at National Manufacturing Week (NMW), scheduled to take place Monday, Feb. 23, through Thursday, Feb. 26, in Chicago. The event is organized by the National Association of Manufacturers (NAM). The latest in innovative manufacturing technologies and processes will be featured at the event. NMW’s six shows cover design engineering; plant engineering and facilities management; industrial automation; enterprise IT; technology and cleaning technology.