Eden Prairie refrigeration facility laying off 91 workers [Yahoo! Finance]
Emerson Electric Company (EMR)
Last emerson electric company earnings: 4/21 06:55 am
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Source: Yahoo! Finance
The layoffs will start on June 30 and finish by the end of the year. Copeland's letter to the Minnesota Department of Employment and Economic Development (DEED) indicated 31 employees in engineering and support roles will continue to work at the Eden Prairie plant and serve the company's food retail and grocery customers. "Copeland has made the difficult decision to move our Eden Prairie manufacturing and distribution operations to existing Copeland operations facilities in North America," Copeland said per the DEED letter. In a separate statement, the company said "this is a business decision based on Copeland's review of operations to maintain competitiveness and provide the best possible service to our customers." It went on to say impacted employees will receive at least a two-month notice and will have severance, healthcare continuation subsidies and other support during the transition. St. Louis-based Emerson Electric Co. previously owned the company before New York-based
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EMR
News
- Emerson Electric Co. (NYSE: EMR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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EMR
Earnings
- 5/8/24 - Beat
EMR
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 3/21/24 - Form 11-K
- EMR's page on the SEC website