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BREAKING: Layoffs hit Triton
November 27, 2007
LOUISVILLE, Ky. - The (Gulfport, Miss.) Sun Herald reported earlier today that Triton Systems had laid off an undisclosed number of workers on Tuesday. Most, the Sun Herald reported, had been employed at the company's headquarters and manufacturing plant in Long Beach, Miss.
Human-resources director Brian Goff told the newspaper that the layoffs were part of a restructuring - the company's first in about eight years. Without giving exact numbers, he said the cuts affected less than one-third of the staff.
Triton published a statement that said the company "has implemented a plan to reposition itself for success by focusing on enhancing product offerings in our core financial and retail markets, domestically and in key international regions."
As part of that restructuring plan, Triton says it has consolidated its customer-service activities, including whole-unit and spare-part ordering to its corporate headquarters in Long Beach. Parts distribution, repairs, and training will continue to operate out of Memphis, Tenn.
"We believe the restructuring will allow us to have greater flexibility to work with our customers as we position ourselves for continued profitable growth in this highly competitive marketplace," said Triton president Brian Kett. "The steps we are taking to reposition Triton will insure that this remains our No. 1 priority."
Before Tuesday's layoffs, Triton had about 500 employees, some of them in Canada, Europe and Memphis, the Sun Herald reported.
The announcement comes several months after California-based Tranax Technologies Inc.announced in August its plans tolayoff and restructure.
ManufacturersDistributors / ISO / IADRetail / Off-PremisesBanking Executive SummaryOtherNorth AmericaBank / Credit UnionTriton
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