|By Stephanie Hoops, Ventura County Star, Calif.|
|McClatchy-Tribune Information Services|
"Each of the individuals notified was offered comprehensive severance benefits that provide cash, health insurance and career transition services," she said.
Details on specific jobs being eliminated have not yet been released. The Star has asked the company for that information.
The layoffs are scheduled to take effect
Under the WARN law, companies are required to notify the state when 50 or more people are being laid off.
"It's part of their ongoing restructuring of the company," Alawami said.
While the city is sorry to see the losses, Alawami said 252 jobs isn't many relative to the 6,000 people the company employees locally.
"That's not huge," he said.
Revenue rose 13 percent to
In January, CEO
The company forecasts 2014 adjusted earnings per share of
(c)2014 Ventura County Star (Camarillo, Calif.)
Visit Ventura County Star (Camarillo, Calif.) at www.vcstar.com
Distributed by MCT Information Services
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