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More cuts in Clovis

More cuts in Clovis

Pelco by Schneider announced yesterday that it's laying off 50 people. In an official statement, the company said the cuts are “part of an overall global Schneider Electric
workforce reduction that impacted several regions around the world and multiple locations within the US.”

The company said the layoffs are necessary because of “continued softness in construction, escalating raw material costs, and fragile global markets.” It called layoffs the “last resort,” having first, raised prices, instituted a hiring and travel freeze, and eliminating discretionary spending.

“To help minimize the impact, local company officials have reallocated talent and resources to better serve and support customers, and have reassigned employees to other positions wherever possible. Schneider Electric is making every effort to help those impacted by providing severance packages as well as outplacement.”


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