Business Services Industry
Siemens to Cut Jobs at Lake Mary, Fla., Telecommunication Plant by One Third.
Knight Ridder/Tribune Business News, March, 2003
By Christopher Boyd, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Mar. 19--Siemens AG's embattled telecommunications subsidiary said Tuesday that it will lay off 14 percent of its U.S. work force, including more than a third of its remaining employees at its telecom assembly and testing operation in Lake Mary.
Siemens Information and Communications Networks plans to notify workers this week. Company spokesman Tom Phillips said the number of employees in Lake Mary would drop from 550 to about 350.
"ICN's employment is declining worldwide as a result of the continuing downturn in the telecommunications market," Phillips said.
The Lake Mary division, which had more than 1,000 employees a year ago, is...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
