Printer Friendly

WESTINGHOUSE ANNOUNCES LAYOFFS AT ELECTRO-MECHANICAL DIVISION

 CHESWICK, Pa., Jan. 11 /PRNewswire/ -- Westinghouse Electric Corporation (NYSE: WX) today informed 210 employees of its Electro-Mechanical Division here that their jobs will be eliminated by the end of March.
 The layoffs are mainly attributed to a continuing decline in defense contracts from the U.S. government. For example, in 1991 the Electro-Mechanical Division had defense revenues of $130 million. By 1993, defense revenues had dropped to $95 million and the division projects that by 1995, defense revenues will drop to below $50 million.
 The workforce reduction, which affects approximately one-fourth of the division's 900 employees, is spread among hourly, non-exempt, professional and management employees.
 Affected employees will be eligible for Westinghouse separation benefits including career counseling and outplacement services.
 The Electro-Mechanical Division manufactures pumps, motors and generators for defense and commercial applications.
 -0- 1/11/94
 /CONTACT: Vaughn Gilbert of Westinghouse, 412-642-5564/
 (WX)


CO: Westinghouse Electric Corporation ST: Pennsylvania IN: ARO MAC SU:

DM -- PG009 -- 0878 01/11/94 09:31 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 11, 1994
Words:163
Previous Article:LOS ANGELENOS, MAN YOUR BATTLE STATIONS, YOU'RE ON 'FLU ALERT'
Next Article:BELL ATLANTIC CONDUCTS BID PROCESS FOR ALADDIN
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters