Thursday, Apr 24, 2014
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yesqcy - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
Very true, everyone has to have a first time. But what about the city attorney and the rest of the council? Nobody?
Mizzougrad - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Your right, the pensions that the city chose to underfund for years because they could, and now it's all our fault. For someone in business, don't understand how you do not understand the concept that you close a station, you don't just reassign the firefighters, because then there are no savings. You close a station because you want to lower the number of firefighters, period. You know…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Once again, I will ask you: Do you understand business at all? The City can't print money. The police and fire pensions have thrown the entire system so far out of whack that the City can't make "want to" decisions; it is a "have to" situation. You can cry the blues all you want about the poor, poor firefighters, but their greed over the years has contributed greatly to this mess, so what…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
I haven't read a single comment about laying off firefighters, except, perhaps, from your Chief. You are paid, and paid very well, to do a job. If you don't like it, quit. People will line up to take your spot. No one is complaining about the services you provide. The problem is cost. Why is it so hard to understand that the City coffers are not a bottomless pit? Your pensions have…
topdown - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Your condescending attitude is just plain insulting. Thousands and thousands of small business owners have suffered in this economy over the past decade or so. Should we all "reinvent" ourselves? What an idiotic statement! It is patently obvious to me from the comments you have made in different discussions that you have lived a life of privilege and have never given an honest day's work in…

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Layoffs at Harris' Quincy division

Layoffs at Harris' Quincy division

1 year, 5 months ago by Jamie Busen

Company official says layoffs are not a prelude to a shutdown of the facility

At least 17 people were laid off Thursday morning at Harris' Broadcast Communications divisions, say sources within the company. A minimum of 15 reportedly came from Quincy. Sources say they were mostly salaried positions. 

The layoffs come on the heels of Harris' announcement that revenue in the first quarter of the new fiscal year was down six percent year-over-year, and down 13 percent over the last quarter. 

Terri Black, spokesperson for Harris, said they don't comment on "business adjustments to our workforce." 

Black did confirm a "small number" of layoffs, but she wouldn't give specifics. She called the move a "routine business adjustment, a re-alignment of resources with minimal impact." 

"This is not a prelude to any shut down of any facility in Quincy," she added. 

In the earnings report, the Broadcast Communications Division is now marked as a discontinued operation. 

In May, Harris announced it was divesting its BCD. Quincy Mayor John Spring spoke with Harris officials six months ago and they said at the time no jobs "are being eliminated yet." There are 384 people employed in the broadcasting division in Quincy. 

Today, Spring said he spoke with Harris officials who assured him the reductions were "minimal" and said this was not the start of an exit as the company is having good discussions with potential buyers.

Spring said he was told the company just procured two major contracts for digital transmitters that would keep the Quincy plant busy.

Harris' earnings announcement said, "Based on recent indicators of value during the first quarter of fiscal 2013, including market, financial performance and indications of value from interested parties, we recorded additional non-cash impairment charges in discontinued operations for Cyber Integrated Solutions and Broadcast Communications totaling $222 million." 

During a conference call earlier this week, Harris CEO Bill Brown said, "Our first-quarter results in Broadcast were a little less than what we expected both because the market is a little bit tough and because some of the issues around us selling the business causes some of our customers to be a bit hesitant. So the results were a little bit worse than we expected ...." 

Black said officials have identified potential buyers and are "very pleased, everything is on track and going exactly as we hoped - better than we hoped." She said they hope to have a letter of intent with a buyer signed in the coming months. 

Click here for more.

http://blog.devoncroft.com/2012/10/30/harris-corp-announces-q1-fy-2013-results-further-writes-down-value-of-broadcast-business/


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