Major Layoffs At Wilson Greatbatch

[UpInArms]

http://www.wgrz.com/news/news_article.aspx?storyid=21154

Channel 2 News has learned that Wilson Greatbatch is laying off 107 people, 100 of them from Western New York.

The layoffs equate to 12% of the local workforce, which is estimated at 830 people.

According to sources, the layoffs are the direct result of a major client greatly reducing its order last month.

<snip>

In May, one of the company's major customers, medical device maker Guidant, temporarily stopped buying some components in a move to reduce inventory. The planning for Tuesday's layoffs began very shortly after that announcement, according to DeAngelo.

...more...

This "inventory reduction" might explain the report that said that inventories were not rising in May. Hmmmm....

[devilgrrl]

1. Oy Vey! Just what Western New York needs.

Can that area get more economically depressed?

Watch WNY freepers blame Hilary.