Hubbell will be laying off 1,000 employees in response to decreased demand for its electrical, lighting, and telecommunications equipment. Company reports decrease in sales.
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Orange, Conn.-based Hubbell will be laying off 1,000 employees in response to decreased demand for its electrical, lighting, and telecommunications equipment. Sales will fall about $40 million short of the company's previous forecast of $2.39 billion for 2006.
Hubbell has more than 11,000 employees in 42 plants and 16 warehouses worldwide, including about 4,700 in the United States.
