Tyco Electronics Announces Additional 20,000 Job Cuts

[Pale Blue Dot]

Source: Digtriad

The Pennsylvania-based electronic company announced this week they will cut an additional 20,000 positions worldwide.

Tyco Electronics, formerly partnered with Tyco International, plans to eliminate the jobs by the end of their fiscal year in September.

In December 2008, the company announced plans to cut 2,500 by the end of this month.

Mike Ratcliff, a spokesman for the company, says the initial cuts weren't enough to make up for the decline of demand in their products.

Tyco would not release specific numbers of employees in the Triad that would be cut.

Ratcliff said the branches on Pegg Road, Burgess Road and Piedmont Triad Parkway in Greensboro would be experiencing layoffs today. He also said the Reidsville Road location in Winston-Salem would be impacted.

Tyco has 96,000 employees globally and 26,000 of them are in North and South America, Ratcliff said during a December phone interview.

Read more: http://www.digtriad.com/news/local/article.aspx?storyid=120216&catid=57

[nichomachus]

1. Shit n/t

[skoalyman]

2. hitting the fan

:shrug: :hide: bump

[sakabatou]

3. My dad was cut from Tyco years back

I see it's still evil.

[Dappleganger]

4. My husband was laid off from them back in 2001

They shut down an entire manufacturing plant in Harrisonburg, VA. Over 400 people lost their jobs and most of us had to move elsewhere. This happened just before the shit hit the fan with Koslowski.

Dh interviewed with a company up near Harrisburg yesterday, meeting several ex-coworkers. They pretty much spit on the ground whenever anyone brings up the Tyco name.

Bunch of fuckers.

[sakabatou]

5. My dad went there too!

But not for Tyco, it was for another company as a consultant.