Assa Abloy Layoffs Job Cut: fires 1800 employees, closes 15 units: Finance Trading Times

Assa Abloy Layoffs Job Cut: fires 1800 employees, closes 15 units

No one seems to be shielded from the effect of recession. Things are getting worse for the employees of Assa Abloy Company, being the world's largest lock maker by sales. The Assa Abloy company has decided to go for the layoff. All the sectors are now melting under the pressures of falling market demand and financial problems. As a measure, they are going for layoffs. The latest one to add to the list is, Assa Abloy which is going for layoffs. Assa Abloy Layoffs

How many employees will be fired in the Assa Abloy layoffs?
There will be around 1800 job cuts by the company.

What are the primary reasons for Assa Abloy layoffs?
The company is going for a restructuring program. It involves sweeping 1.18 billion Swedish kronor ($141.8 million), firing employees and closing plants. It will also involve movement of work from high cost countries.

How many plants will be closed by Assa Abloy?
Around 15 plants will be closed by Assa Abloy.

Any other news about Assa Abloy layoffs
The company will consolidate administrative support functions and move to final assembly work in the remaining 25 units in high-cost countries. Let's hope that alternative jobs are available to the affected employees of Assa Abloy Layoffs Job Cut
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