Sun confirms 1,300 layoffs

The company sheds 1,300 people from the main US workforce with a target of a total of 6,000 jobs set to be lost

Sun has laid off 1,300 workers, part of a planned sequence of redundancies first revealed in November 2008 when the company announced it was intending to shed 6,000 people, or 14-18 percent of its workforce.

The job losses are worldwide, and follow Sun's announcement in December that 130 jobs were going at the company's plant in Scotland.

In a statement, Sun said on Thursday that the redundancies were made across all levels "including vice presidents and directors". The cuts are part of a restructuring of the company, Sun said, that are intended to save between $700m-$800m (£510m-£580m) each year. The company said it believed the restructuring would "result in a more efficient coverage model with resources aligned to growth opportunities".

According to the statement, the company believes cost-cutting measures and organisational changes "will put the company on track for improved financial performance".

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All