Re-structuring of UK Powercords Operations

Volex Group PLC 30 March 2000 Volex Group p.l.c. Re-structuring of UK Powercords operations Volex Group p.l.c, the world's leading independent producer of electrical power cords and electronic interconnect cable assemblies, has today advised its UK powercords workforce that approximately 325 employees, some of whom are part- time, will be made redundant during the course of the current calendar year. This additional step in restructuring is a result of the Volex strategy to source the majority of its powercord requirements from Volex factories in Asia in order to meet market pressures in Europe.

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Volex (VLX)
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