| |
NOVEMBER 27, 19:05 EST
Lego To Close Molding, Processing
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.
|
|
1 Message in This Thread:
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
