AMERICAN TECHNICAL CERAMICS TO LAY OFF 92 WORKERS AT JACKSONVILLE PLANT
Posted by carlos renteria on
American Technical Ceramics Corp., a manufacturer of electronic components, plans to lay off 92 workers because it is moving a product group at its Jacksonville plant to South Carolina.
A Worker Adjustment and Retraining Notification filed with the state last week said the company is moving its thin film products group to its parent company's facility in Myrtle Beach, South Carolina.
A letter with the notice sent to city and state officials said ATC will still have about 80 employees in its Jacksonville facility at 2201 Corporate Square Blvd. in its multilayer capacitor group.
Parent company AVX Corp. said in its annual report it owns the 100,000-square-foot facility.
The WARN notice said notifications have been sent out to 24 employees that will be impacted in the first phase of the move. The layoffs will begin April 5 and continue in phases, with completion scheduled for Sept. 30.
ATC was an independent public company before being acquired in 2007 for $231 million by competitor AVX, which is based in Myrtle Beach.
The company manufactured electronic components used in a variety of telecommunications applications.
ATC was officially headquartered in Huntington Station, N.Y., but it had major manufacturing and research operations in Jacksonville, where CEO Victor Insetta lived.
The company had 287 employees in Jacksonville when it was acquired by AVX.
By: Mark Basch
From: Jaxdailyrecord