AUBURN HILLS, Michigan., 21 August 2024 /PRNewswire/ — BorgWarner has been named to Forbes’ 2024 list of America’s Best Employers, marking the company’s third consecutive year on the list. This prestigious honor is presented by Forbes and Statista Inc., the leading statistics portal and provider of industry rankings. The list of honorees was announced on October 17, 2020. 20 August 2024and can be viewed on the Forbes website.
America’s Best Employers 2024 were determined in an independent survey from a large sample of over 160,000 employees who work for companies with at least 500 employees in the United States. The ranking is open to companies in all industries and considered approximately 4.4 million employer ratings. Considering three years of data allowed for a solid distinction between organizations that perform consistently well and those that may have had just one good year. An employer’s final score is determined on a state-by-state basis and is based on two types of employee ratings:
- Personal evaluations: Willingness of employees to recommend their employer to friends and family.
- Public reviews: Recommendations from friends and family members of employees or from members of the public who work in the same industry – also known as indirect reviews.
Based on the study results, BorgWarner is honored to be included in Forbes’ list of America’s Best Employers 2024.
“We are honored to once again be recognized as one of the Michigan’s “Forbes recognizes the company as the state’s best employer. This continued recognition is an example of our ongoing efforts to provide our employees with tools that support their well-being and create an innovative and high-performing workforce,” said Tania Wingfield, Chief Human Resources Officer at BorgWarner. “We know we must support our employees and communities during this transition to move forward and execute on our strategy.”
Statista publishes hundreds of worldwide industry rankings and company directories with renowned media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.
About BorgWarner
For more than 130 years, BorgWarner has been a pioneering global product leader bringing winning mobility innovations to market. With a focus on sustainability, we are helping to build a cleaner, healthier and safer future for all.
Forward-looking statements: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipate,” “believe,” “continue,” “could,” “designed,” “result,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “guidance,” “initiative,” “intend,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would” and variations of these words and similar expressions are intended to identify such forward-looking statements. In addition, all statements (other than statements of historical fact) included in this press release regarding matters that we expect or anticipate will or may occur in the future with respect to our financial condition, business strategy and actions to implement that strategy, including changes in operations, competitive strengths, objectives, expansion and growth of our business and operations, plans, indications of future success and other such matters, are forward-looking statements. All forward-looking statements are based on assumptions and analyses that we have made in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate in the circumstances. Forward-looking statements are not guarantees of performance, and the Company’s actual results may differ materially from those expressed, projected or implied by the forward-looking statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, among others, supply disruptions affecting us or our customers, raw material availability and prices and the inability to achieve expected levels of reimbursement in commercial negotiations with customers regarding these costs; competitive challenges from existing and new competitors, including original equipment manufacturer (“OEM”” customers); the challenges associated with rapidly changing technologies, particularly related to electric vehicles, and our ability to innovate in response; the difficulty of predicting demand for electric vehicles and our electric vehicle sales growth; possible disruptions to the global economy from wars or other geopolitical conflicts; the ability to identify targets and complete acquisitions on acceptable terms; the inability to achieve the anticipated benefits of acquisitions in a timely manner; the possibility that our tax-free spin-off of our former Fuel Systems and Aftermarket segments into a separate, publicly traded company in 2023 may not achieve the intended benefits; the failure to integrate acquired businesses in a timely and effective manner; the potential for unknown or incalculable liabilities with respect to the acquired businesses; our dependence on automobile and truck manufacturing, which is highly cyclical and subject to disruption; our dependence on major OEM customers; the impact of any future strikes by our OEM customers and any actions taken by those OEM customers in response; fluctuations in interest and exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or future legal proceedings, including litigation relating to various claims, or government investigations, including related litigation; future changes in laws and regulations, including, for example, taxes and tariffs, in the countries in which we operate; the impact of any potential future acquisition or disposition transactions; and the other risks detailed in the reports we file with the SEC, including Item 1A, “Risk Factors” in our most recently filed Annual Report on Form 10-K and/or Quarterly Report on Form 10-Q. We undertake no obligation to update or publicly announce any updates or revisions to the forward-looking statements in this press release to reflect any change in our expectations or any change in events, conditions, circumstances or assumptions underlying any of the statements.
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