Subject:
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AP: Lego To Close Molding, Processing
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Newsgroups:
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lugnet.loc.us.ca.sf
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Date:
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Wed, 29 Nov 2000 17:28:30 GMT
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Original-From:
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David K. Z. Harris <zonker@certaintysolutions./avoidspam/com>
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Viewed:
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4000 times
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The note below, from a LEGO Press Release, is darkly significant;
How few folks LEGO really employs (compared to the markup they
make selling colored ABS plastic).
Will it really be cheaper to mold parts outside of North America
and import it all here?
How much they are loosing this year (think about amusement park,
and signing up partners like Disney (Mikey Mouse), LucasFilm
(Starwars), and the Winnie-the-Pooh and other themes, plus the
way Mindstorms computer-controlled kits took off beyond their
wildest expectations).
Reduced hours for the folks that get products to people...
While $65 million US seems HUGE, compared to the salaries of the
folks that will be layed off, I'm wondering what percentage of
annual revenue that really is, and which groups/divisions are
responsible for the loss...since the note is coming from the
Americas division, and only talks about changes to that division.
Get 'em while you can! ;-)
-Z-
http://news.lugnet.com/news/display.cgi?lugnet.lego.announce:20
> From: "Suzanne D. Rich" <suz@baseplate.com>
> Subject: AP: Lego To Close Molding, Processing
> Posted-Date: Wed, 29 Nov 2000 16:44:07 GMT
> Organization: LUGNET
>
> NOVEMBER 27, 19:05 EST
>
> Lego To Close Molding, Processing
>
> ENFIELD, Conn. (AP) ó 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.
--
David K. Z. Harris Member of Technical Staff
Certainty Solutions, formerly Global Networking and Computing (GNAC)
999 Main Street, Redwood City, CA 94063 vm) 650-569-4645 x-4723
"Certainty in an Uncertain World"
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