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In China’s fiercely competitive talent market, Tenneco’s record of retaining employees is 20% to 30% better than the industry turnover rate.
Our China team identifies four areas of focus that encourage employees to stay onboard: leadership, culture, compensation and benefits, and training and development. Leadership includes effective communications that keep employees aware of how their work contributes to our company’s success. Tenneco was named one of China’s top employers for 2011.
– Dora Hang,
– Human Resource,
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We earned the top employer distinction through a combination of competitive wages and benefits coupled with a corporate culture that values individual contributions, rewards efforts and provides career-enhancing training opportunities. In addition to these more tangible features, the company strives to build an environment of trust between management and staff.
The economic challenges of the past several years tested that trust as bonuses were suspended to weather the difficulties experienced by the automotive industry in China and throughout the world. By frankly explaining the reasons for immediate austerity, while describing the company’s excellent long-term prospects, the company was able to maintain staff morale and productivity.
We are well positioned with our global manufacturing footprint to capitalize on the growing trend toward global platforms, like the Ford Focus. In addition, we recently have opened three new plants in Guangzhou, China; Chonburi, Thailand; and Chennai, India, all initially supporting Nissan’s new global compact
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Original equipment vehicle manufacturers are looking for global suppliers to support their global platform production strategies. According to IHS Automotive production forecasts, vehicles produced on a global platform are growing 56% over the next five years. Platforms with over one million units in 2010 totaled 31.3 million vehicles or 42% of global light vehicle production. In 2015, production on global platforms is projected to increase to 48.8 million vehicles, representing 50% of global light vehicle production.
At the end of 2010, Tenneco was in production in more than one region on 14 vehicle platforms. The shift towards global platforms benefits both the vehicle manufacturer as well as the supplier, with increased leverage in material sourcing, reduced investments in tooling and savings associated with global engineering development.