Tyco Electronics is closing its plant in Wallburg and moving employees to its plant in Greensboro, a spokesman for the company said today.
"The sharp downturn in our business the last six to eight months is causing the need to right-size our business globally," said Mike Ratcliff, the company's communication manager.
The company, based in Berwyn, Pa., makes electronics and telecommunications components. It has about 3,000 employees in North Carolina. The company has been shedding jobs worldwide for several months.
It announced in March that it would cut jobs in Winston-Salem and Greensboro as part of its plan to reduce its worldwide work force by 20,000 by the end of September.
Ratcliff said that the "vast majority" of employees at the Wallburg plant will be moved to the Greensboro plant. He declined to say how many employees would be moved to the Greensboro plant and how many people would be laid off. He also declined to say how many employees worked at the plant.
The consolidation should be complete by October, and laid-off employees will be entitled to severance pay, benefits continuation and out-placement benefits, Ratcliff said.
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