PORTLAND OREGON / XEROX TO LAYOFF 50 EMPLOYEES

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PORTLAND OREGON / XEROX TO LAYOFF 50 EMPLOYEES

 user 2009-01-19 at 11:28:04 am Views: 69
  • #21329
    http://www.bizjournals.com/portland/stories/2009/01/12/daily57.html
    Xerox lays off 50
    portland
    oregon jan 09 ,Layoffs that Xerox Corp. announced last fall took effect
    Thursday at the company’s Wilsonville plant.In October, the company
    announced it would reduce its 57,000-employee global work force by
    3,000 jobs, or roughly 5 percent, as part of a $400 million
    restructuring plan.On Thursday, 50 people, or 3 percent, of the
    company’s Wilsonville employees were let go. The cuts affected all
    areas except sales and union manufacturing and included marketing,
    finance, human resources, product development and engineering.“This
    gives us the flexibility to respond to uncertain economic conditions,”
    said company spokesman William McKee.

    McKee called the
    Wilsonville location, which makes office products, a “key site” for the
    company.Shares  of the Norwalk, Conn.-based company closed Thursday
    down 1 percent to $7.82. They have a 52-week range between $4.83 and
    $16.00.The company will return quarterly earnings next Friday, Jan. 23.