ENDICOTT — Endicott Interconnect Technologies, Inc. recently laid off an undisclosed number of employees at its headquarters manufacturing plant.
The electronic-packaging business did not issue a news release regarding the layoff in early July, and New York Labor Department spokesperson Joseph Morrissey says EI did not file a layoff notice under the state’s WARN (Worker Adjustment and Training Notification) Act or notify the Labor Department in any way about the layoff. However, the Labor Department has heard from laid-off EI employees and has reached out to the manufacturing company to offer services to jobless workers, including assistance signing up for unemployment benefits. “We have had some employees come into our OneStop Center,” Morrissey says.
Under the state’s WARN Act, a private business of EI’s size would be required to give advanced notice of a mass layoff involving 250 or more full-time workers or certain other relocations and reductions in work hours.
(Sponsored)
The Importance of Relationship Banking for Small Business Success
Small business owners wear many hats. Each day can bring on new challenges requiring valuable time and focus – especially in the competitive economic environment we live in today. The
10 Reasons Your Business Needs Cyber Insurance
1. Cyber crime is the fastest growing crime in the world, but most attacks are not covered by standard property or crime insurance policies. New crimes are emerging every day.
James Orband, an EI marketing associate, confirmed there was a layoff at the company but did not provide any further information. The firm’s human-resources department did not respond to a message left by The Business Journal, seeking more information. According to a July 3 story in the Press & Sun Bulletin, Annamaria Mastronardi, EI’s human-resources director, said in a statement that the layoff was a result of the company seeing softness in its third-quarter outlook and forecasting only marginal improvement in the fourth quarter.
EI employed between 1,100 and 1,200 people when company officials spoke with The Greater Binghamton Business Journal in April of this year about the company’s new website and marketing efforts. At the time, Eric Hills, vice president of business development and marketing at EI, said the firm typically generates between $250 million and $350 million in annual revenue. He expected the new marketing efforts, which include a quarterly newsletter and a new website, to boost sales by anywhere from 20 percent to 30 percent over the next several years, following the company’s typical 18- to 24-month sales cycle.
EI laid off about 250 workers in May 2009, according to a past Greater Binghamton Business Journal article. The company also laid off workers in November 2010 and October 2011, according to the Press & Sun Bulletin.
Headquartered at 1093 Clark St., Endicott Interconnect Technologies (www.endicottinterconnect.com) provides its electronics-packaging products and services to a variety of markets including defense, aerospace, communications, computing, semiconductor, and medical. Products and services include printed circuit-board fabrication and assembly and semiconductor-packaging fabrication.
The company operates in 1.39 million square feet of manufacturing space in Endicott and has manufacturing operations for high-volume production capacity in Shenzhen, China.