Friday 6 February 2009

New Process Gear NPG Magna Layoffs Job Cut: may fire 1400 employees, closes DeWitt Plant

Seems like the doomsday has arrived for the New Process Gear NPG employees. The news is not good for the employees of New Process Gear NPG. Another news of layoffs, another company joining the group of companies to go for layoffs. The firm New Process Gear NPG, has decided to go for New Process Gear NPG Lay offs or New Process Gear NPG Job Cuts. New Process Gear NPG Magna Layoffs
How many employees may be fired by New Process Gear NPG layoffs?
The news is that around 1400 employees will be made jobless at New Process Gear NPG as the company has decided to close down the DeWitt Plant.

How many employees does New Process Gear NPG have?
The total no. of employees at New Process Gear NPG is not known as of now.

Any news of previous layoffs by the company
No news about any previous layoff by the company.

Any plants or locations being closed by New Process Gear NPG?
Yes. The company will close the DeWitt Plant.

Which locations will be affected by the New Process Gear NPG Layoffs?
All jobs affected will be from DeWitt Plant.

Which segment of employees will be affected by the New Process Gear NPG layoffs
Since an entire plant is set to close, all the employees at the plant are expected to be affected.

How much savings can be made by New Process Gear NPG Layoffs?
No news is available about the savings and charges by the layoffs, if they happen.

When will the New Process Gear NPG layoffs happen
Though there are no details about the exact dates of DeWitt plant closure, the employees are already getting worried. However, as per the rules of the state, a 90 day notice is expected from the employer, so the employees have the jobs for atleast 90 days.

Any severance package for the affected employees?
No info available.

What are the primary reasons of New Process Gear NPG Layoffs
The layoffs, along with other cost cutting measures, are in response to continuing uncertainty in the market.

Any other news about New Process Gear NPG?
As per 9wsyr News, Trucking has been Stan Edinger's business for 45 years. It's a family one, and it took a tremendous hit when Carrier shut down.
“That hurt us bad, because we hauled out of there for 32 years,” says Edinger.
Edinger scrambled to find new contracts to stay alive, and learned an important lesson. “Nothing's forever. I don't care what it is or who it is, nothing is forever,” he says.
Let's hope that alternative jobs are available to the affected employees of New Process Gear NPG Layoffs Job Cut

No comments:


Copyright Information:
© http://invest-n-trade.blogspot.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the owners of this portal. The content should NOT to be reproduced on any other website or through other medium, without the author's AND owners' permission.

DISCLAIMER: Before using this site, you agree to the Disclaimer.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer