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Local Tyco jobs safe, firm says

May 01, 2002|BY RICHARD F. BELISLE

waynesboro@herald-mail.com

WAYNESBORO, Pa. - The jobs of nearly 250 employees at a Tyco International plant in Waynesboro are not in jeopardy following an announcement last week that the company was closing 24 manufacturing plants at a cost of 7,100 jobs, a company spokeswoman said Tuesday.

Maryanne Kane, chief communications officer at Tyco's U.S. headquarters in Exeter, N.H., said Tuesday that none of the 24 plants the company plans to close is in Pennsylvania. Asked how many plants Tyco has in Pennsylvania, Kane said, "dozens."

She said the corporation operates in every state in the United States and in 25 countries around the world. She said about 250,000 employees work for Tyco.

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The local plant has been here since 1973, said L. Michael Ross, president of the Franklin County Area Development Authority. The plant was owned by AMP until Tyco bought out AMP holdings.

The company has four divisions - electronics, health care, fire department and security equipment and flow control systems.

The Waynesboro plant makes electronics equipment.

Tyco is a $30 billion-a-year corporation, Ross said.

The company worldwide reported losses of $1.9 billion in the first quarter of 2002, Kane said. It reported a $1.1 billion profit during the same period last year, she said.

The company's world headquarters are in Bermuda.

"Tyco is a very stable employer in Franklin County and it is important to the economy of Waynesboro," Ross said. "It's one of our premiere manufacturing companies. It pays above average wages and benefits."

He said county and local company officials have always worked well together. "We want to do everything we can to keep them here and to help them expand," Ross said.

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