WILSONVILLE, OR – Tyco Electronics announced that it will cut 70 jobs at its
Wilsonville plant. The layoffs are part of the company’s plan to eliminate 2,500
jobs worldwide by March.
According to a company spokesman, displaced workers will receive a severance package that includes outplacement services. Despite a positive fourth quarter, Tyco expects business to decline in 2009 due to rising costs and the unstable global economy.