The New Jersey-based telecommunications company announced its worldwide restructuring plan to cut costs a few months ago and that included cutting 10,000 jobs worldwide. Initially, only 500 jobs out of the 9,500 in this state were supposed to be cut when the plan was announced.
That estimate doubled when, according to Bill Price, company spokesperson, "manufacturing capacity remained greater than demand." Of the 1,000 job cuts, 800 will be in this facility. The other 200 will be divided among the company's other facilities in Marlborough, Westford, Sturbridge and Manor.
"All facilities will remain open now," Price tells GlobeSt.com," but we might be doing some consolidation eventually." Price declined to be specific on which locations would be consolidated.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
