July 27, 1995 |
Few if any of the 200 workers who turned out for a union rally in front of Vans Inc. shoe company believed they could stop the closing of their plant Monday, but Teamsters officials were not about to let it happen quietly. "It's a long shot," said Teamsters official Raul Lopez of a letter presented to the company Wednesday appealing for a last meeting. "But being the Teamsters, we're going to go down swinging."
October 15, 1994 |
AST Research Inc.'s decision to lay off 10% of its workers and close its Fountain Valley manufacturing plant caught technology industry observers by surprise, but it shouldn't have--the computer company's top executive dropped the first hints last spring. At a conference in March, when other executives were complaining about corporate changes, the bearded, soft-spoken Pakistani who co-founded AST took the floor to present a different view. "If I do not change," AST Chairman Safi I.
May 21, 1998 |
Bringing an end to its manufacturing history in California, Vans Inc. said Wednesday it will close its shoe factory in Vista and fire 300 workers. The closure is the latest step in a three-year restructuring in which the maker of trendy footwear has emphasized marketing over manufacturing. Founded in Orange in 1966, Vans closed its manufacturing plant in the city in 1995, and laid off about 1,000 workers. The following year it moved its headquarters to Santa Fe Springs.
October 15, 1994 |
AST Research Inc., struggling to keep pace in the cutthroat personal computer business, said Friday that it will close its Fountain Valley manufacturing plant and lay off all 440 employees there as part of a major restructuring that will reduce its work force by 10% worldwide. The nation's sixth-largest computer maker, which employs 6,900, also said it expects to post a quarterly loss of up to $40 million--far worse than analysts had expected. AST stock dropped $1.