Thursday, Oct 23, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

Loverofblues - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
35 years for teaching.
cih8920 - Despite record yields for farmers, Titan\'s Taylor sees down year for tires in 2015 - Quincy, IL New
Titan tractor tires have a very poor track record in the last few years and it is evidently starting to show up in Titans pocketbook.
RUHEARINGVOICES - Illinois Early Voting starts: Cook County ballot box tries to cast GOP votes for Democrats - Quincy,
...and in Adams County I was required to show a photo ID to vote early even though the statute was amended effective July 1st to eliminate that requirement for 2014 only. http://www.ilga.gov/legislation/ilcs/fulltext.asp... middle of para (b).
CoolEdge - Despite record yields for farmers, Titan\'s Taylor sees down year for tires in 2015 - Quincy, IL New
370-400 bushels per acre? National average is supposed to be a record at 172, but are they making 370 even in the irrigated bottom ground? We had lotsa rain and a lot of double ears filled out ... but the average is only 10 bushels higher. Of course most of those extra bushels are probably sold at $3, and they are looking at under $3 next year. Most farmers already made a lot of purchases with…
CoolEdge - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
Ellington is concrete, doesn't seem "temporary". If the roof is an issue, put some pretty metal gabled roofs over the thing. HVAC is the issue? ... how can it be more for new units than a new building with new HVAC? They could even add a new building behind the old(er) building. The best sales point to me is in attracting industry to the area, which wants to attract individuals, who want good…

Most Popular

Authorities make meth bust on Madison

Adams Co. Divorces for 10/17

Nursing unions call for better Ebola preparedness

School Board to outline plans for savings, old buildings if referendum passes

Despite record yields for farmers, Titan's Taylor sees down year for tires in 2015

Tournear Promoted to JWCC Nursing Admin Chair

QU to Host Science Family Fun Night

Bill Clinton to address workers at pro-Quinn rally

Layoffs at Harris' Quincy division

Layoffs at Harris' Quincy division

1 year, 11 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/


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 1 hour, 3 minutes ago

Court-appointed monitor ordered for IDOT hiring http://t.co/B4kLkltKDn
Bob Gough on Twitter

Bob Gough 2 hours, 49 minutes ago

RT @ILCampaignCash: All in!! $50,000.00 from Citizens for John Cullerton to Taxpayers for Quinn. http://t.co/TUWN6OwsXS
Bob Gough on Twitter

Bob Gough 3 hours, 32 minutes ago

RT @lincoln_elbe3: Qhs soccer game on Quincy journal! #LG #qhs
QuincyJournal on Twitter

QuincyJournal 7 hours, 1 minute ago

Sun-Times reporter quits; Cites lack of support from paper following stories on Rauner http://t.co/vaJDsirHJF