Boston Acoustics gets efficient, cuts 30 employees
Amidst recent news about D&M Holdings being sold off, principal shareholder RHJ International has stated that 30 layoffs at Boston Acoustics are an unrelated happenstance. It's unfortunate timing, to be sure, but RHJI spokesman Gail Petersen has stated that acquisition preparation was "absolutely not a factor," and cited a decrease in new Boston Acoustics product development this year and increases in efficiency amongst companies folded into D&M holdings as reasons for trimming rolls. Whether it's coincidence or causality (if it's coincidence, it's an awfully common one), it should all get wrapped up soon -- word is that bidding between Merrill Lynch, Best Buy, Advantage Partners, and Kenwood/Bain Capital should end soon.Read - Boston Acoustics Cuts 30 Employees
Read - Interview with RJHI's Gail Petersen
Reader Comments (Page 1 of 1)
TimBob @ Apr 24th 2008 9:42AM
I hope that the new owner of the company doesn't change a thing with their Customer Service department. My two dealings with BA's customer service have been about the best I have had dealing with any company. Even after the 5 year warranty was up on my speakers (VR950) they sent me new caps for the top of the speaker when the decoritive cap started to pull away from the wood. I just sent them an email asking what adhesive they recommended and immediately received an email asking for my mailing address, 3 days later I had shiny new replacement caps on my doorstep.
hmurchison @ Apr 24th 2008 11:21AM
So laying off people is getting "efficient" nowadays? Methinks it means the company doesn't see much growth in the near future.
mitchelljd @ Apr 24th 2008 11:41AM
Honestly, I think companies continuing cutbacks when they are profitable is sickening. People need jobs and by killing off them, it will damage the longterm good of the company and economy