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Mattel moving 100 Fisher-Price jobs to El Segundo from New York
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Two thirds of Mattel's 5,000 U.S. employees work in El Segundo.
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Toymaker Mattel says it’s moving about 100 jobs from its Fisher-Price division in New York to its headquarters in El Segundo. The move, which includes some layoffs, is part of a restructuring plan Mattel began last year.
In a statement, Mattel spokesman Alan Hilowitz said the reassignments should happen “over the next several months” and that employees were notified of the decision on Wednesday. Most of the positions are at the Fisher-Price campus in East Aurora, near Buffalo, and at its offices in New York City.
“It is important to point out that employees who work in design and development positions at the Mattel’s Fisher-Price campuses are not affected by this consolidation,” Hilowitz said in a statement.
“The decision was an extremely difficult one, particularly considering the impact this will have on our employees and their families,” the statement said.
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Mattel said it will offer relocation benefits to the employees who choose to accept positions in El Segundo and severance packages and outplacement services to the employees who leave the company. Mattel declined to specify the number of employees moving and the number of layoffs.
Mattel employs 5,000 people in the U.S. About two-thirds of those employees work at the El Segundo headquarters.
Fisher-Price was founded in 1930, and, nearly 40 years later, acquired by the Quaker Oats Co. In 1991, Quaker Oats spun off the Fisher-Price division, and two years later Mattel acquired it.
Last year, Mattel began a restructuring plan. It included the creation of a North America Division designed to work more closely with retail customers in the U.S. and Canada.
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