Tyco Electronics Layoffs Job Cut: fires 20000 employees: Finance Trading Times

Tyco Electronics Layoffs Job Cut: fires 20000 employees

The news is not good for the employees of Tyco Electronics. The company is going for layoffs worldwide. The recession is taking a toll on all sectors and even the electronics companies are feeling the heat. The electronics company produces electronic components, wireless communication systems and telecommunication components. The latest additon to the list of organization which may go for layoffs is the Tyco Electronics. Tyco Electronics Layoffs

How many employees may be fired in the Tyco Electronics layoffs?
There could be around 20,000 layoffs by the Tyco Electronics as the company goes for worldwide layoffs.

What is the total no. of employees of Tyco Electronics?
Total No. of employees of Tyco Electronics is around 96,000 as of now. Of that, 26,000 are in North and South American continents.

Which locations will be affected by the Tyco Electronics layoffs?
The layoffs affect employees at many different facilities, including those in central Pennsylvania, the Greensboro-Winston-Salem area in North Carolina and Menlo Park and Redwood City in California.

When will the Tyco Electronics layoffs happen?
It is learnt that the job cuts will be complete by the end of September this year.

Any news about previous layoffs by Tyco
Yes. In December 2008, the company had announced 2500 job cuts.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for Tyco Electronics layoffs?
Major reason is that there is a big decline in demand.

Any other news about Tyco Electronics layoffs
As per Forbes, Ratcliff blames the layoffs on a steep drop in demand for Tyco products that has accompanied a global economic plunge. The Bermuda-based company has operational headquarters in Berwyn, Pa.
Let's hope that alternative jobs are available to the affected employees of Tyco Electronics Layoffs Job Cut
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