Job cuts bite in US refocus

Job cuts bite in US refocus
Tom Foremski North American electronics companies are laying off thousands of staff as they reorganise operations to focus on more profitable business opportunities. National Semiconductor said it has cut 165 staff at its Singapore-based plant, while Canadian based Mitel is cutting 100 staff as part of a major reorganisation. The largest job cuts are expected at Tyco, which recently acquired AMP in a move that thwarted a hostile bid by AlliedSignal. Tyco says it is looking for cost savings as high as $1bn which could require more than 4,500 additional cuts to the 4,000 announced for AMP. The layoffs will be made in the next two years.


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