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laying off
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Toyota to Invest $600m in Indiana SUV Plant
Feb 13, 2017Toyota said it will boost SUV production at an Indiana factory with a $600m investment, which could add 400 jobs. The investment is part of the company’s strategy of localisation to build vehicles where they are sold. It will be ...
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Sonos Chief Product Officer on The Way out
Mar 30, 2016Sonos has announced that its chief product officer, Marc Whitten, is leaving the company. Whitten has been at Sonos for the past two years, during which he oversaw the development of the excellent Play:5 speaker and the innovative TruPlay ...
Tags: Sonos, Chief Product Officer, Marc Whitten
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Philips Shuts Down Lighting Plant in North Carolina, Halts Buyback of 21.36m Shares
Dec 15, 2015Philips announced it will be closing down its lighting plant in Burgaw, Pender County in North Carolina, U.S. recently, according to a report by Triangle Business Journal. The factory closure, which will become effective as of Sept. 2016, ...
Tags: Philips, lighting industry
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Lite-on Denies Market Rumors of Closing Down Its LED Business
Nov 10, 2015Taiwanese LED manufacturers have been affected by Chinese manufacturers’ low pricing strategies, even the Taiwanese LED stock market was hit hard, reported SET News. A lot of market rumors speculate Lite-On will be shutting down its ...
Tags: LED Business, low pricing
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Painful Situations Be Unavoidable in Mature Phase
Oct 15, 2015“The (Chinese) LED industry is in deep waters, and only a few manufacturers will survive in the next few years,” said several industry insiders during recent interviews with LEDinside’s editorial team in China. With the ...
Tags: LED industry, Chinese LED market
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Epistar Rumored to Raise Number of Layoffs
Oct 14, 2015Leading LED chip manufacturer Epistar’s has raised the number of job cuts from the previously announced 65 to about 180, reported UDN. Job cuts at the company’s factories in northern Taiwan’s Hsinchu Science Park will ...
Tags: Epistar, business strategy, layoff
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Tim Hortons Laying off Staff Ollowing Takeover by Burger King Worldwide
Jan 29, 2015Canadian coffee and doughnut chain Tim Hortons is laying off staff both at its regional offices and corporate headquarters following takeover by Burger King Worldwide. The job cuts is part of reorganisation after the company's ...
Tags: coffee, Agriculture
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Major Company Restructure Market Trends Will Continue Throughout The Year
Dec 24, 2014In late 2013, LEDinside team forecasted major company restructure market trends will continue throughout the year. The trend has been consistent in 2014, as more lighting manufacturers take necessary restructure measures to remain ...
Tags: LED component, LED light
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The Ongoing Electricity and Gas Load Shedding Forced The APTMA to Consider Various Options
Jul 30, 2014The ongoing electricity and gas load shedding in Pakistan’s Punjab province has forced the All Pakistan Textile Mills Association (APTMA) to consider various options, including shutdown of the industry. At a general body ...
Tags: electricity, gas load shedding, textile
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Cisco Systems Announced Plans to Expand Its Campus in Research Triangle Park
Jun 6, 2014Cisco Systems has announced plans to expand its campus in Research Triangle Park and create 550 new jobs by the end of 2017. The California-based tech giant, which already employs about 5,000 workers and contractors in RTP, will be ...
Tags: Electrical, Electronics
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Qantas Will Close Its Avalon Heavy Maintenance Facility at The End of March 2014
Nov 25, 2013Qantas will close its Avalon heavy maintenance facility at the end of March 2014 due to the gradual retirement of its Boeing 747 fleet, making the operation unviable. Qantas Domestic chief executive officer Lyell Strambi said after a ...
Tags: Qantas, Avalon, workshop, laying off
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Discount Internet Retailing Is a Big Challenge for Brick-and-Mortar Retailers
Sep 16, 2013Discount internet retailing is a big challenge for brick-and-mortar retailers and the brands they carry. It is also a huge threat to the cycling consumer now and into the future, although they may not realize it. That's the conclusion of ...
Tags: bike, Transportation
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Felt Bicycles Recently Layed off Six Employees Within Its Three U.S. Facilities
Aug 5, 2013Felt Bicycles, which is preparing for its 2014 sales meeting and product launch this weekend, recently layed off six employees within its three U.S. facilities. Company president Bill Duehring blamed the layoffs on an industry-wide ...
Tags: Felt Bicycles
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Hiring Trends in The Tech: Some Focus on The Half-Empty, Others on The Half-Full
Jul 19, 2013There are two ways analysts report hiring trends in the tech: Some focus on the half-empty, others on the half-full. For the half-empty view, there is this new report from Challenger, Gray & Christmas Inc., which claims that layoffs in ...
Tags: Computer Products, IT economy, telecommunications industries
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Zynga Is Laying off 18 Percent of Its Employees in an Effort to Reduce Its Cost Structure
Jun 3, 2013Zynga, the social gaming services company, is laying off 18 percent of its employees in an effort to reduce its cost structure. CEO Mark Pincus announced the layoffs Monday in a note to employees posted on the company's blog. Zynga, as of ...
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