Andersen Layoffs Job Cut: fires 450 employees: Finance Trading Times

Andersen Layoffs Job Cut: fires 450 employees

All sectors are feeling the heat in the worst of its times. More bad news on the job front as more and more companies are going for layoffs. The latest one to add to the list is, Andersen Corporation, which is in the manufacturing of Windows and Doors, has decided to fire some 450 employees. Andersen  Layoffs
How many employees may be fired in the Andersen layoffs?
The total no. of layoffs at Andersen Corporation stands at 450, That will have 50 permanent employees to be fired and remaining 400 will be the temporary staff to be fired, making it a total of 450 layoffs.

When will the Andersen layoffs happen?
The Andersen layoffs will occur in parts. Some will happen from now till March 2009 for temporary layoffs.

What will happen to permanent staff affected by layoffs at Andersen?
The permanent layoffs will be from office and management staff at the Bayport facility and they were given a two-week notice.

Which locations will Andersen Layoffs happen?
Bayport and Cottage Grove will be the locations affected by the layoffs. The Bayport-based company employs 11,000 people worldwide. Earlier this week it announced the temporary layoff of 55 employees at its plant in Menomonie.

What actions will be taken by Andersen for reducing costs?
There are several plans in place as per the management - early retirement, voluntary temporary layoffs and shortened work weeks. All these are aimed to reduce costs.

What are the reasons for Andersen layoffs?
Worsening global financial situation, competition, lack of demand and mounting costs are some of the reasons quoted by the management to justify the layoffs.

How much money can be saved by the company after the Andersen layoffs?
It is expected that 3 billion USD wil be saved by Andersen.

Any benefits being paid to affected employees at Andersen ?
Employees affected by the permanent layoffs will be provided with severance pay, benefit continuation as well as help with future job searches. In addition, they can apply for unemployment benefits from the States of Minnesota and Wisconsin. Employees affected by the temporary layoff will remain eligible for various benefits including health care coverage. Let's hope that alternative jobs are available to the affected employees of Andersen Layoffs Job Cut
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Anonymous said...(on 10 January 2009 at 12:33 )  

Andersen did not fire 450 people. 400 are on seasonal layoff and 50 office staff were terminated.

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