Visteon to cut more jobs at certain sites, implements salary reduction program [MarketWatch]
Visteon Corporation (VC)
Last visteon corporation earnings: 4/30 06:55 am
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Source: MarketWatch
Visteon Corp. said Thursday it will further reduce the number of employees at various sites, in addition to the cuts announced as part of its restructuring plan in January, in response to the COVID-19 pandemic. The new plan is expected to cost between $11 million to $15 million and is expected to be substantially completed in mid-2021. The previously announced plan was expected to cost $18 million to $24 million. The auto parts maker announced a temporary four-month salary reduction program, which includes a 40% reduction in the CEO's salary, the executive committee's salaries will be reduced by 30%, cash compensation for non-employee directors will be lowered by 30% and all other employee salaries will be cut by 20%. Separately, Visteon said it is looking to deliver up to 50,000 face shields and other personal protective equipment to doctors and nurses. The stock, which is still inactive in premarket trading, has dropped 40.6% over the past three months while the Dow Jones Industrial
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VC
News
- Visteon Announces Participation in Upcoming Fourth Quarter 2025 Investor ConferencesPR Newswire
- Visteon Corporation's (NASDAQ:VC) Intrinsic Value Is Potentially 35% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Visteon (NASDAQ:VC) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Visteon (NASDAQ:VC) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=VC&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> fromMarketBeat
- Visteon (NASDAQ:VC) was given a new $130.00 price target on by analysts at Barclays PLC.MarketBeat
VC
Earnings
- 10/23/25 - Beat
VC
Sec Filings
- 11/5/25 - Form 4
- 11/4/25 - Form 10-Q/A
- 11/3/25 - Form 144
- VC's page on the SEC website