Exide Layoffs Job Cut: fires 570 employees at Bristol: Finance Trading Times

Exide Layoffs Job Cut: fires 570 employees at Bristol

The news is from Exide, a battery manufacturing company which is going for layoffs. The news is not good for the employees of the Exide Technologies as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Exide. Exide Logo

How many employees may be fired in the Exide layoffs?
As per the reports, there may be around 570 job cuts by the company.

What is the total no. of employees of Exide ?
There are about 810 employees of Exide at the Bristol Batteries plant. Hence, the layoffs constitute around 70% of the job cuts at Bristol facility.

What will be the cost and savings by Exide layoffs?
No info about that.

When will the Exide layoffs happen?
As per the reports, the layoffs will be made from May 1, 2009 onwards.

Which locations and department of employees will be affected by the Exide layoffs ?
Facilities in Bristol will be affected. It is interesting to know that plant's middle management employees are the ones to be fires, and higher-level managers are moving into the middle managers’ jobs. So its a demotion for the higher ups.

What is the primary reasons for Exide layoffs?
It's all about the worsening market situation, decline in demand and so on.

Any other news about Exide layoffs
As per TimesNews, Exide Company official Bruce Cole said Wednesday the layoffs are "indefinite," but they "hope for an improvement in the marketplace that may allow us to put people back to work at our Bristol facility."
Let's hope that alternative jobs are available to the affected employees of Exide Layoffs Job Cut
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