It can be disheartening or even downright scary for employees when their company announces plans to relocate. Immediately worries about job security or having to move across the country, or even the globe, spring to mind. Thankfully, these are not concerns that employees of Lowell, Massachusetts’ Tyco Electronics will have to face. While the company plans to close its Lowell location, following the completed expansion of its Newington, New Hampshire campus, all 100 of the branches’ employees will be welcomed at the new, relatively nearby location. (Image courtesy: http://bit.ly/aUangm)“The lease is expiring on the Lowell facility, so we are using the opportunity
to vacate that facility, and we plan to consolidate this manufacturing onto the Newington, New Hampshire, campus,” Tyco Electronics spokeswoman Sheri Woodruff said.Tyco plans to expand its Newington presence in an effort to locate similar business functions nearer to each other, improving efficiency. “The campus approach in Newington will increase our competitiveness by reducing cost and footprint and will help us to take advantage of synergies among these manufacturing operations,” Woodruff explained.
Lowell’s City Manager, Bernie Lynch, while disappointed by the relocation, could not fault the company’s choice.“We have had a number of successes [in Lowell], but sometimes companies will make a decision to consolidate that makes sense for them,” Lynch said. (Image courtesy: http://bit.ly/aOpJtp)
Tyco’s relocation and consolidation effort seems logical. Although the decision may not be ideal for the company’s 100 former Lowell employees, at least their jobs are safe. Moreover, by making this move to cut costs and increase efficiency, Tyco has increased the odds that its employees' jobs will continue to be safe well into the future.
[Sources: http://bit.ly/aXIxwO, http://bit.ly/bTf2Xo]
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