Viasystems Lay off Job Cut: fires 2000 employees

Viasystems Group Incorporated, which is a leading worldwide provider of complex multi-layer printed circuit boards (PCBs) and electro-mechanical solutions to Original Equipment Manufacturers (OEMs) has decided to go for a Lay Off or Job Cut. Another impact of the financial turmoil which is wrecking havoc for many individuals.

How many employees will be laid off in Viasystems Lay off Job Cut?
Around 2000 individual employees will have to quit their jobs in the ViaSystems Lay off. This constituets around 15 percent of the entire employee strength.

How many employees does Viasystems currently has?
Viasystems has around 13,500 employees as of now.

Any specific locations and plants affected due to Viasystems Lay off Job Cut?
Company has decided to close its Oak Creek Plant, Milwaukee area and in Newberry, S.C. Around 240 employees in the Oak Creek Plant will be fired from their job.

Which department of employees are affected due to Viasystems Lay off Job Cut?
The affected employees include factory workers, salespeople and administrative employees.

When will the Oak Creek metal fabrication plant close down?
The intended date of closing the plant is January 19, 2009.

What are the plans for Viasystems after plant closing down?
Viasystems will transfer operations to its "low-cost" facilities in Mexico and China.

Let's hope that alternative jobs are available to the affected employees of Viasystems Lay off Job Cut.