TDK Components

USA in Peachtree City plans to cut its work force by almost one-third

as part of a restructuring plan that will eliminate an entire production

line and streamline another.

The company

expects to cut approximately 100 jobs as it eliminates production of inductors.

That will leave around 230 jobs at the plant for producing chip capacitors.

TCU's production

of inductors has been scaled down significantly while the company plans

to halt all inductor production by March 15. The company is already working

on reducing costs and inventory levels for its chip capacitor operation

The moves were

in response to a "significant drop-off in customer demand brought

about by the current economic slowdown," according to TCU officials.

TCU President

Kaneo Miura said the company will offer a severance package to all affected

employees which will include continued medical benefits for a certain

length of time.

"Unfortunately,

the severe economic situation that we now face has forced us to make the

very difficult decision to eliminate nearly one-third of our workforce,"

Miura said. "Such action cannot be taken without a profound sense

of loss. We are confident, however, that those of our employees affected

employers."

The reduction

comes on the heels of TCU dropping its production of VHS tapes and computer

CDs last year.

Miura noted

that the company has enjoyed a "very close and cooperative relationship"

with the community in its 16 years of business.

TCU will invite

prospective employers to a job fair to showcase TCU employees seeking

new jobs, Miura said. The company will also hold employee workshops on

resume preparation and successful job interviewing skills.

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