Essays24.com - Term Papers and Free Essays
Search

Media Release

Essay by   •  December 25, 2010  •  251 Words (2 Pages)  •  1,155 Views

Essay Preview: Media Release

Report this essay
Page 1 of 2

Media Release

August 19, 2007

Riordan Manufacturing to Relocate Certain American Manufacturing Facilities

Riordan Manufacturing today announced that following a detailed assessment of its American manufacturing facilities, the Company will relocate its Atlanta Georgia plant to Monterrey, NL, Mexico. These changes will enable Riordan Manufacturing to extract cost savings, remain competitive in the marketplace resulting in an improved and more efficient global manufacturing footprint.

The assessment included an analysis of production requirements, equipment and production costs, in addition to real estate, logistic, and labor costs, all of which are designed to meet or exceed Riordan Manufacturing's current service and delivery capabilities.

American employees whose positions are impacted will be eligible for severance benefits and outplacement assistance consistent with the Company's policy. Retirement packages for certain employees impacted by these changes will be available based on age and service. Actual employee reductions will begin in January, 2008 and will be spread over the following several months. All transition activity is scheduled to be complete by the end of March, 2008.

These changes will have no impact on the San Jose, California, Pontiac Michigan and Hangzhou, China Facilities.

-ENDS-

For media enquires contact: Carolyn Podshadley 1 (800) 555-2121

Background

"Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding. With state-of-the art design capabilities, innovative plactic designs are created that have earned international acclaim. Attention to detail, extreme precision, and enthusiastic

...

...

Download as:   txt (2.1 Kb)   pdf (56.7 Kb)   docx (9.3 Kb)  
Continue for 1 more page »
Only available on Essays24.com