CommScope to cut 110 jobs in Neb.
HICKORY, N.C. (AP) – Network infrastructure company CommScope said Thursday that it is cutting 110 jobs at its Nebraska manufacturing plant and that it may shut it down completely.
The layoffs will take place in March and will reduce the workforce at the Connectivity Solutions Manufacturing facility in Omaha to fewer than 400 people.
The company said it may expand the use of contract manufacturers or potentially close the plant and shift production to lower-cost locations.
The company cited high labor costs and the economic slowdown.
In the past two years, CommScope has closed operations in Australia, Belgium, Brazil, England, Italy and the U.S.
CommScope Inc. shares fell 2 cents to $28.43. The shares have traded between $6.89 and $33 over the past year.
"A combination of difficult circumstances – including facility underutilization, high labor costs, customers' spending slowdown and their demand for lower-cost products – is causing CommScope to consider all options for serving our customers, while simultaneously protecting the profitability of our business," said Eddie Edwards, president and chief operating officer at CommScope. "These actions are difficult yet unavoidable, and we regret the potential impact on our employees.”