Subject:
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Re: Lego To Close Molding, Processing at Enfield, CT plant
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Newsgroups:
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lugnet.lego, lugnet.general
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Date:
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Tue, 28 Nov 2000 18:27:30 GMT
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Viewed:
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77 times
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In lugnet.lego, Nathan McDowell writes:
> "ENFIELD, Conn. (AP) -- Toymaker Lego Systems Inc. said Monday it would
> close its molding and processing operations in Connecticut as part of a
> global restructuring.
>
> The move will mean the elimination of 94 jobs at Lego Systems, the North
> American and Latin American operations of Swedish toymaker Lego Co. which
> employs just under 1,100 people.
>
> The full restructuring, to be announced Tuesday, will call for the
> elimination of about 300 jobs worldwide, said Katherine Lee, a company
> spokeswoman. The company employs roughly 9,000 people.
>
> The Denmark-based toymaker estimates it will lose between $40 million and
> $65 million this year, Lee said.
>
> The company also is anticipating a slowdown in the shipment of products
> after the holidays. In response, it plans to implement a shortened workweek
> for permanent employees in the company's distribution center, packing and
> stock areas, Lee said."
>
> Aparently they're from Sweden *and* Denmark. =)
Eh, Swedes, Danes, they're really just the same. (Ack, don't
*EVER* say that to a Swede *or* a Dane...although the Norwegians
might get a kick out of it, unless you generalise them into it
too.) I wonder what the lugnet.loc.dk and lugnet.loc.se folks
have to say about this little gaffe?
Anyways, I wonder how this elimination of 300 jobs ends up
looking considering how many new people they've been hiring in
*other* areas. And as for that $40m to $60m loss...how much
of that is from saturation of the market with 2000 SW and the like
sets that I was buying for 75% off as early as January 2000?
Or is it all unsold stock and overhead? Maybe I need a second
primer on wholesale warehouse economics...but it seems like
even that loss might be attributed to all the new startup and
R&D costs to create some of the newer wonders.
Or it might be one or two theme parks.
best
Lindsay
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