- BorgWarner was one of 200 companies named in the inaugural
list
- Evaluates companies based on how well workers' expectations
are met
- Work-life balance, flexibility, pay and benefits included in
key factors
AUBURN
HILLS, Mich., July 6, 2023
/PRNewswire/ -- U.S. News & World Report, the global authority
in rankings and consumer advice, has named BorgWarner one of the
2023-2024 Best Companies to Work For.
BorgWarner was ranked among 200 companies on factors
contributing to job seekers' decision-making when choosing a
workplace that best meets their needs.
"We are honored to be featured on the U.S. News and World
Report's Best Companies to Work For list as we pride ourselves on
creating an environment that people want to work in," said
Tania Wingfield, Executive Vice
President and Chief Human Resources Officer at BorgWarner. "Our
company has been through a big transformation this year and the
well-being of our employees was – and will continue to be – at the
helm of every decision made. We recognize that our employees are
truly the force that enables us to charge forward and produce the
best mobility solutions for the industry and we strive to
constantly meet their workplace morale and satisfaction needs
alike."
The inaugural list evaluated companies based on how well they
meet workers' expectations, with measures including quality of pay
and benefits, work-life balance and flexibility, job and company
stability, physical and psychological comfort, belongingness and
esteem, and career opportunities and professional development.
"Choosing a company to work for is a big decision and there are
many factors to consider during the job seeker's decision-making
process," said U.S. News Senior Editor, Consumer Advice,
Antonio Barbera. "The 2023-2024 list
includes companies that score highest on a variety of metrics that
contribute to a positive work environment and day-to-day employee
experience."
To calculate the U.S. News Best Companies to Work For list, U.S.
News only considered companies that were a part of the Russell 1000
index as of June 2022 and had more
than 75 Glassdoor reviews written in 2022. The methodology,
developed with the support of a panel of six experts, also factors
in data, including employee sentiment, gathered from U.S. News
partners Revelio Labs and ESG Book.
For more information on the Best Companies to Work For, explore
Facebook and Twitter using #BCTWF.
About BorgWarner
For more than 130 years, BorgWarner has been a transformative
global product leader bringing successful mobility innovation to
market. Today, we're accelerating the world's transition to
eMobility – to help build a cleaner, healthier, safer future for
all.
About U.S News & World Report
U.S. News & World Report is the global leader in quality
rankings that empower consumers, business leaders and policy
officials to make better, more informed decisions about important
issues affecting their lives and communities. A multifaceted
digital media company with Education, Health, Money, Travel, Cars,
News, Real Estate, Careers and 360 Reviews platforms, U.S. News
provides rankings, independent reporting, data journalism, consumer
advice and U.S. News Live events. More than 40 million people visit
USNews.com each month for research and guidance. Founded in
1933, U.S. News is headquartered in Washington, D.C.
Forward-Looking Statements: This release may contain
forward-looking statements as contemplated by the 1995 Private
Securities Litigation Reform Act that are based on management's
current outlook, expectations, estimates and projections. Words
such as "anticipates," "believes," "continues," "could,"
"designed," "effect," "estimates," "evaluates," "expects,"
"forecasts," "goal," "guidance," "initiative," "intends," "may,"
"outlook," "plans," "potential," "predicts," "project," "pursue,"
"seek," "should ," "target," "when," "will," "would," and
variations of such words and similar are intended to identify such
forward-looking statements. Further, all statements, other than
statements of historical fact, contained or incorporated by
reference in this release that we expect or anticipate will or may
occur in the future regarding our financial position, business
strategy and measures to implement that strategy, including changes
to operations, competitive strengths, goals, expansion and growth
of our business and operations, plans, references to future success
and other such matters, are forward-looking statements. Accounting
estimates, such as those described under the heading "Critical
Accounting Policies and Estimates" in Item 7 of our most recently
filed Annual Report on Form 10-K ("Form 10-K"), are inherently
forward-looking. All forward-looking statements are based on
assumptions and analyses made by us in light of our experience and
our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe
are appropriate under 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 in
or 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 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 in or by the forward-looking
statements. These risks and uncertainties, among others, include:
supply disruptions impacting us or our customers, such as the
current shortage of semiconductor chips that has impacted original
equipment manufacturer ("OEM") customers and their suppliers,
including us; commodity availability and pricing, and an inability
to achieve expected levels of recoverability in commercial
negotiations with customers concerning these costs; competitive
challenges from existing and new competitors including OEM
customers; the challenges associated with rapidly changing
technologies, particularly as relates to electric vehicles, and our
ability to innovate in response; uncertainties regarding the extent
and duration of impacts of matters associated with the COVID
19/coronavirus pandemic, including additional production
disruptions; the difficulty in forecasting demand for electric
vehicles and our electric vehicles revenue growth; potential
disruptions in the global economy caused by Russia's invasion of Ukraine; the ability to identify targets and
consummate acquisitions on acceptable terms; failure to realize the
expected benefits of acquisitions on a timely basis; the
possibility that the spin-off transaction will not achieve its
intended benefits; the failure to promptly and effectively
integrate acquired businesses; the potential for unknown or
inestimable liabilities relating to the acquired businesses; our
dependence on automotive and truck production, both of which are
highly cyclical and subject to disruptions; our reliance on major
OEM customers; fluctuations in interest rates and foreign currency
exchange rates; our dependence on information systems; the
uncertainty of the global economic environment; the outcome of
existing or any future legal proceedings, including litigation with
respect to various claims, or governmental investigations,
including related litigation; future changes in laws and
regulations, including, by way of example, taxes and tariffs, in
the countries in which we operate; impacts from any potential
future acquisition or disposition transactions; and the other risks
noted in reports that we file with the Securities and Exchange
Commission, including Item 1A, "Risk Factors" in our most recently
filed Form 10-K and/or Quarterly Report on Form 10-Q. We do not
undertake any obligation to update or announce publicly any updates
to or revisions to any of the forward-looking statements in this
release to reflect any change in our expectations or any change in
events, conditions, circumstances, or assumptions underlying the
statements.
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SOURCE BorgWarner