Scientific-Atlanta cuts 1,300 jobs at Mexican plant
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Posted 4:05PM on Wednesday, July 3, 2002
ATLANTA - Cable equipment maker Scientific-Atlanta Inc. announced Wednesday that it has cut a production shift at its Juarez, Mexico, plant, eliminating about 1,300 jobs. <br>
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The decision cuts about 30 percent of the company's work force in Juarez. <br>
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A statement from Scientific-Atlanta said reduced demand for its products forced the cuts. The company also said it was evaluating the need for further job cuts. <br>
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In October 2001, Scientific-Atlanta shut down its last American plant, a facility in Norcross that made transmission equipment, and moved the work to two plants in Juarez. <br>
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In morning trading on New York Stock Exchange, Scientific-Atlanta shares were down 34 cents at $13.73. <br>