Ecolab Layoffs Job Cut: fires 1000 employees: Finance Trading Times

Ecolab Layoffs Job Cut: fires 1000 employees

Things are getting worse for the employees of Ecolab Company, a manufacturer of sanitizer and detergents. The Ecolab 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, Ecolab which is going for layoffs. Ecolab Layoffs

How many employees will be fired in the Ecolab layoffs?
There will be around 1000 job cuts by the company.

What are the primary reasons for Ecolab layoffs?
Falling sales and reduction in demand is the main reason for this layoffs. The stagnant economy that has dramatically affected the company's restaurant and hotel customers.

Which location employees will be affected by the Ecolab layoffs?
100 employees will be fired in Minnesota. More than 50% of the layoffs will happen in the USA locations, while remaining will be at locations across Europe.

Any compensation or severence package offered for the affected employees of Ecolab layoffs?
Workers will get a minimum of three months of severance pay plus health insurance and outplacement aid.

How much saving is expected from the Ecolab layoffs?
Around 70 million USD to 80 million USD is expected to be saved by the company.

Any other news about Ecolab layoffs
Ecolab has navigated through the brutal economy with hiring freezes, waste reductions, product consolidations and other cost-saving measures. Let's hope that alternative jobs are available to the affected employees of Ecolab Layoffs Job Cut
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4 Comments: Post your Comments

Anonymous said...(on 16 January 2009 at 10:03 )  

ask about the average age of us affected

Anonymous said...(on 4 February 2009 at 10:38 )  

Ecolab has become another greedy corporate monster that cares NOTHING about it's employees and is only concerened with Wall Street. If they would take care of their workers (middle class) and not protect the huge perks, benifits, bonuses, company cars and high 6-7 figure salaries of their elite they might just make it through these tough times.

Anonymous said...(on 7 February 2009 at 01:11 )  

yea... all those corporate company that starts laying off at the time like this are obviously greedy and taking advantage of the situation. Ecolab sales hasnt drop but still sustaining within their target. so yea i think at this moment what is being told by all this corporate monsters are just craps.

Anonymous said...(on 11 February 2009 at 07:37 )  

Yea the district managers will be next they will start making larger areas for the ones that stay to have to cover. its all about the top of the pyramid making the money at at the expense of the lower peoples time.screw that crap I gave them my time once wont happen again Ill never work for that grubbing company again!!!!

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