Tyco Int’l Ltd. says it’s cutting nearly 11,300 jobs and will close or consolidate nearly 300 plants associated with acquisitions made during the previous and current fiscal years. Tyco is one of the most aggressive corporate buyers and said in a regulatory filing that, of the plants purchased this year, it had already closed 58, eliminating 6,379 employees. The cuts will not have a substantial impact on the giant’s security business, as the majority of the cuts—more than 8,400 jobs at 225 facilities—will come from the conglomerate’s health care, financing and power segments.

In order to boost cash flow, Tyco depends on workforce reductions and plant closings to create efficiencies of scale in acquired companies. Tyco is based in Pembroke, Bermuda, and has corporate headquarters in Exeter, N.H. Its range of products include everything from burglar alarms to trash bags, disposable medical supplies and pain medication. Tyco is the world’s biggest maker of electronic connectors, undersea fiber-optic cable, security and fire-prevention systems and, industrial valves. It is the second biggest maker of disposable medical supplies, behind Johnson and Johnson. The reductions include greater cuts than expected in companies acquired in 2000.

The increased cuts hit some 2,902 employees and some 64 manufacturing plants and sales locations. The adjustment in cuts comes as Tyco finishes integration plans for such companies as Thomas and Betts, AFC Cable Systems and Critchley Group. Tyco has about 220,000 employees in approximately 80 countries. Tyco, through the leadership of Dennis Kozlowski, has established an ambitious pace of acquisitions, spending $60 billion on 120 acquisitions in security, healthcare, electronics and lease financing.

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