Layoffs Du Jour
Infineon to Close 3 Fiber-Optics Plants
Tuesday January 25, 7:41 am ET
Infineon Technologies to Close Three Fiber-Optics Plants in Germany, United States
BERLIN (AP) -- Chipmaker Infineon Technologies AG will close three fiber-optics plants in Berlin, Munich and Longmont, Colo., Chief Executive Wolfgang Ziebart said at a shareholder's meeting Tuesday.
The closures will affect 350 employees -- 280 of those in Berlin, the company said. Infineon will try to move some of those employees to other locations, but forced layoffs may also be necessary, it said. The company has 1,200 employees in the fiber-optics business.
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250....Glaxo-SmithKline
Pharmaceutical giant trims U.S. jobs
Miami Herald - Jan 25 1:43 AM
PHILADELPHIA - Citing strong competition in the pharmaceutical market, GlaxoSmithKline P.L.C. said Monday it will eliminate about 250 positions in its U.S. operations next month.
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220...Simmons
Posted Jan. 25, 2005
Simmons sets New London plant closure date
Gannett Wisconsin Newspapers
NEW LONDON — The Simmons Juvenile Products Co. is shutting the doors of its facility here June 30, according to a company announcement Monday.
The company, which employs 220 workers, announced last July it would close the plant at 613 Beacon Ave. The decision to close the New London plant is the result of stiff global competition in the juvenile furniture business and a pending sale to unnamed buyer, according to company officials.
“The decision to shut down the operation was brought on by the simple fact that labor costs in other parts of the world, particularly China, are significantly less costly than they are in New London, despite the fact that we believe we have the most dedicated, productive and efficient work force in the industry,” Simmons officials said in a press release.
In a letter to employees and local officials, Lee Biekkola, Simmons’ vice president of finance and administration, said the first workers will be let go March 18. He added that all employees have received their termination dates. Biekkola said a 60-day plant closing notice will be filed with the state. Simmons has been operating in New London since 1929.
It was one of three New London companies that announced job cuts or plant closings in 2004. Norwood Products closed its New London facility, putting more than 250 out of work, while Sara Lee said it was moving one production line out of state, which would cut about 150 jobs at its New London facility.
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