With the recent RIFs and closing of some locations, does it look like Harris is going back to their "mega-site" roots, where they have just a handful of very large locations and none of the smaller ones that legacy L3 had as part of it's holding company architecture? I'm betting that Palm Bay (duh), Rochester, Salt Lake City and maybe Greenville will be all that's left in a few years.
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compared to the other sites Clifton is not that big. Florida location employs 7000, Rochester about 3800 and several thousand in Texas. Clifton has about 1300 roaming around 1 million square feet of mostly empty space. expanding the assembly area has been cancelled since the reduced workforce no longer needs the space. half of the remaining union people will be gone by years end. the Clifton location will probably be sold.
I've heard Waco manufacturing will be shut down
they've been trying to sell off all the small L3 sites and the union sites for the last year and nobody wants them! Makes since they close and take it as a loss. Here's a tip, if they paint and put in new landscape mulch, you're for sale!
We have heard in Waco that it will be completely shut down. Does anyone know when?
Anyone else heard rumors of one or both Plano, Texas locations and Rockwall being closed and pushing those left to Greenville?
This is very possible. Bill Brown was saying that Harris had 500 locations in the U.S., which, in his opinion, was way too many. They're going to continue consolidating locations. More offices are going to be closed. This is the only way to raise the stock price. Plus, they've got pressure from the activist investors who recently joined the board.
What about Clifton?