BorgWarner announced Thursday it is eliminating 16% of its workforce. The job cuts are expected to affect 1,000 employees throughout the US, Mexico, and Canada.

The auto parts supplier says the job cuts stem from a permanent shift in the North American auto industry. Its US sales declined 17% in the second quarter, while rising 13% overseas. The company says this year almost half its shares will come from Europe.

The company reached its expected sales growth for the year of 8-10%, but its profit shares are about five to ten cents less than predicted.

BorgWarner makes components for engines and transmissions to help improve fuel economy.

The company says it is expecting demand to increase in North America as automakers continue to build smaller engines to meet increased fuel economy standards.

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