Belden CDT Will Shutter Plant, Fire 150 Employees (Layoff Update - 1,000)

[hatrack]

"Belden CDT Inc. of Clayton will close a plant in Essex Junction, Vt., early next year, putting about 150 employees out of work, the company said Wednesday. The plant makes electronic cable for high-temperature environments.


EDIT

Citigroup Inc. of New York will lay off 450 employees next year as it closes a customer-service center near Des Moines, Iowa. Employees of West Des Moines center process credit applications and accounts and contact cardholders about payments. Their work will be sent to other Citigroup locations by the second quarter of 2005, the company said.

Norshipco of Norfolk, Va., a unit of United Defense Industries Inc. of Arlington, Va., will furlough half its work force, or about 400 employees, by the end of September due to the shipyard's light work load. The company said some of the workers could be recalled in October."

EDIT/END

[DEMonstate]

1. Maybe that explains why their cat 5 cable just went from $166 to $199.

[hatrack]

2. Yes, because it's all about saving YOU money!! nt

.

[trotsky]

3. Maybe you're thinking of Belkin?

n/t

[Philostopher]

5. Belden also makes communications cable.

Their plant is, if I remember correctly, in Indiana.

[madinmaryland]

7. Are you talking about plenum Cat-5 cable?

That was because of a fire in a factory in Japan that makes the teflon used to jacket the cable.

I've been using Berk-Tek and Amp/tyco for the last few months (Category 5e and 6).

[DEMonstate]

9. Thanks for the leads. That is exactly what I was talking about.

[Kierkegaard]

4. Here's some fuzzy logic for ya

"Bush (Washington, DC, March 16, 2004): You hear a lot of rhetoric in Washington about jobs and job creation and outsourcing. The best way to deal with job creation and outsourcing is to make sure our businesses are competitive here at home . The more competitive we are here at home, the better it is to do business at home, the more likely it is we'll keep jobs here at home."

OK, smart-ass, explain how 'businesses at home' are supposed to compete with employees willing to work for $0.50 a day without benefits? Price structures aren't changing Chimp, only the cost of manufacturing.

"Bush (Dayton, Ohio, May 4, 2004): We care about outsourcing in America. We want people working here. But the wrong policy would have been, let's go through economic isolationist policy, let's wall us off from the world. Instead, the right policy was to stimulate growth at home. . . . My point is, let us be confident about ourselves. Let's put the right policies in place that encourage growth at home."

Here's how: start by eliminating tax breaks for business willing to use cheap labor to get their product to market without regard to the people it puts out of work here in the U.S.

[DaveSZ]

6. Roundest damn corner I've ever seen

nt

[UpInArms]

8. here's another:Eagle Wings making cuts at Rantoul plant

http://www.news-gazette.com/story.cfm?Number=16538

RANTOUL – Eagle Wings Industries will lay off up to a quarter of its 335 hourly workers and drop one of its three shifts starting Monday in response to the cutbacks of its major customer, Mitsubishi Motors.

Employees were notified Wednesday, said Howard Mitchell, general manager of human resources at the Rantoul Eagle Wings plant.

Another 85 employees at Eagle Wing's plant at Olney were to notified today about impacts on employment there, Mitchell said.

The Rantoul layoffs are being issued largely according to seniority, and will be on an indefinite basis.

"Right now, it's completely open-ended," Mitchell said.

<snip>

But that didn't make it any easier. This is the plant's first indefinite layoff since it opened in 1988, Mitchell said.

...more...

rounding the corner into Iraq and a hard place :(