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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: robert who wrote (14465)	3/17/1998 11:37:00 AM
From: Finder	Respond to of 45548

3Com Lays Off 230 In Chicago Area Newsbytes - March 16, 1998 17:15 CHICAGO, ILLINOIS, U.S.A., 3Com [NASDAQ:COMS] said it would lay off approximately 230 full-time employees in the Chicago area. Company officials said they were taking the action as a part of a realignment of local manufacturing plant facilities. 3Com spokesperson Sara Powers told Newsbytes that the realignment will mainly hit manufacturing line employees at 3Com's suburban Chicago facilities in Morton Grove and Mount Prospect. The remaining job cuts are coming from 3Com's Personal Communications Division in Skokie, just north of Chicago. The Chicago area was home to US Robotics, which 3Com acquired last year. The 230 being laid off include hourly and salaried employees, Powers said. All affected workers will receive a severance package and career outplacement services. 3Com employs a total of 3,000 people at various Illinois operations, and more than 13,000 people worldwide, Powers said. The layoffs are a result of the company's leveraging of "manufacturing technology expertise to enable a much more efficient and improved operation," said Tom Werner, vice president of manufacturing at 3Com. Silicon integration, which translated to lower part counts in newer product designs, also contributed to the layoffs, because fewer workers were needed on the production line, officials said. 3Com added that it remains "committed to the Chicagoland area," with the continued construction on its new corporate campus in Northwest suburban Rolling Meadows.