BAGUIO CITY, Philippines - Worldwide precision instruments manufacturer Moog Controls, a locator along the Export Processing Zone in Loakan here, has cut its workforce by 30 percent.
Starting July 1, Moog will be laying off 293 workers out of its 1,000 workforce, confirmed Department of Labor and Employment-Cordillera assistant regional director Sixto Rodriguez.
Moog, Inc., a Texas-based firm making precision servo-actuators of Boeing 747s and other supersonic military jets, is a worldwide designer, manufacturer, and integrator of precision control components and systems.
Its high performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine applications, and medical equipment.
Moog notified DOLE-CAR about the retrenchment, its first time in 25 years of being a locator at the EPZA-Baguio, as it is also suffering from the global financial slowdown, said Rodriguez.
Several months ago, another US-based firm, Texas Instruments-Philippines (TIPI), also based along EPZA here first trimmed its workforce by at least 400 also because of the global financial crisis. – Artemio Dumlao