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Technology Stocks : American Power Conversion
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To: David W. Taylor who wrote (2496)3/29/2002 8:24:46 AM
From: JakeStraw   of 2574
 
American Power Conversion To Reduce Global Work Force by 17%
biz.yahoo.com
WEST KINGSTON, R.I. -- American Power Conversion Corp. (APCC) will cut about 17% of its global work force, a move expected to save the computer-equipment maker $10 million annually.

A spokeswoman said late Thursday that the company will lay off between 1,000 to 1,050 employees. At the end of 2001, American Power, which makes surge protectors and backup power supplies for computers and networks, had about 6,200 workers.

Much of the work-force reduction will occur in the Philippines , where American Power is consolidating manufacturing operations, closing a plant in the province of Laguna....
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