Breaking News: Tyco To Send 82 Jobs From Westminster To Texas, Mexico
Tyco informed 82 of its Westminster-based employees today that they will be losing their jobs.
The Westminster positions will be eliminated over the next 16 months, according to Chris Woodcock, a spokesman on behalf of Tyco. The first phase of cuts will come in March 2009, the second in January 2010. The jobs will be sent to Tyco locations in Texas and Mexico, he said.
Tyco has about 670 employees at the Westminster campus, including Tyco Safety Products and SimplexGrinnell. That location is the largest facility within the SimplexGrinnell business.
The workforce reduction is not in response to the recent economic upheaval, according to Woodcock.
"It's a result of a long-term, comprehensive global review of Tyco's manufacturing operations and is an effort to manage costs and compete in a global market," he said.
Woodcock also stressed that Tyco's commitment to Westminster "remains strong."
The jobs that will be sent down south are in the manufacturing arena. Jobs that will remain in Westminster are mostly administrative, ranging from sales, marketing, finance, IT service and research and development.
Michael Ellis, president and CEO of the Greater Gardner Chamber of Commerce, said that while he's unhappy with the news, he's glad the company didn't spring the layoffs on workers overnight.
"The fact that it's going to be happening over [time] gives the employees an opportunity to really look at all their options and seek employment in other areas," he said.
Ellis said he was also pleased to hear that the company will provide a good severance package to terminated employees.
He added that the announcement reflects the difficulty manufacturers face in the state.
"It's just kind of the reality of business today, quite honestly," he said. "In a global market, businesses are looking to be more competitive."
Tyco has notified state and local officials about the job cuts, according to Woodcock. He also said the affected employees will be offered job placement assistance.
Tyco International reported a $1.1 billion profit for the first nine months of the year. That's up from a $1.9 billion loss for the first nine months of 2007.
Correction: An earlier version of this article incorrectly identified the elminated positions as within the SimplexGrinnell business. The positions are within Tyco Safety Prodcuts. Both TSP and SimplexGrinnell are Tyco companies.
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