OTHER NEWS - Jan. 13, 1994
Fisher-Price Plans 100 Layoffs: The toy maker said it is eliminating the white-collar jobs as a result of its being taken over by El Segundo-based Mattel Inc. The employees affected are mostly in the company’s accounting, computer and market research departments, said Donna Gibbs, a spokeswoman for Mattel. Mattel completed its $1.24-billion buyout of rival Fisher-Price last Nov. 30. The positions being eliminated overlap with others held by Mattel workers, Gibbs said. All of the jobs being lost are at Fisher-Price’s East Aurora, N.Y., headquarters, where about 850 workers will remain. Since 1990, Fisher-Price has eliminated more than half of 3,400 jobs in East Aurora.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.