Eaton lays off 20 in Raleigh-based Power Quality group
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RALEIGH, N.C. – Eaton Corporation (NYSE: ETN) is laying off the entire 20-person credit department of its Power Quality division, which is based in Raleigh.
Workers were notified Wednesday and will be offered severance as well as outplacement services, Mark Horner, public relations and internal communications manager for Eaton’s electrical sector, told Local Tech Wire and WRAL.com.
“We announced plans to centralize credit and financial service functions in Pennsylvania,” Horner said. “That will impact 20 positions in the Raleigh credit group.”
Asked if employees could apply to transfer to Pennsylvania, Horner said, “There is a posting of positions.”
The company also is laying off 8 percent of its Power Distribution professional management positions in 2010, Horner added. However, he said the impact of the cutbacks on specific locations of company operations was not yet known. The group is headquartered near Pittsburgh.
Eaton, which focuses on power management, generated $15.4 billion in 2008.
The firm employs 840 people in the Raleigh area, Horner said. Many of the Triangle employees were employed by Powerware before it became part of Eaton.
Over the past year, Eaton employees faced various cuts in compensation, including mandatory unpaid one-week furloughs per quarter, a freeze on merit raises, limits on hiring and reductions in travel as well as other expenses, Horner said.
However, Horner said furloughs would not be required in 2010 and merit raises would be restored.
“We are going back to normal in 2010,” he explained. “Leaves will not happen, and merit increases will resume.”
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