Rogers Corp. said Thursday that it will cut another 5 percent of its salaried staff worldwide, or about 40 jobs, including 20 in Connecticut.
The jobs will be eliminated by the end of June through a combination of layoffs, voluntary severance offers, early retirements and leaving vacant positions unfilled, said William Tryon, manager of investor and public relations. The company expects to take a charge of about $1.2 million in the second quarter to reflect severance costs. The manufacturer of specialty materials, based in the Rogers section of Killingly, is reducing staff to bring its costs in line with declining revenues, Tryon said. Rogers Corp. has about 1,750 employees worldwide, including 280 in Connecticut.
The latest job cuts come on top of a 10 percent reduction of Rogers' salaried employees worldwide, which was disclosed in early February. That round involved 90 salaried employees worldwide, including about 20 in Connecticut.
Rogers' plant in Woodstock, which had been cut back to a three-day work week, increased to a four-day work week in late March.
Rogers makes high-performance specialty materials for various markets, including portable communications, consumer products, communication infrastructure, ground transportation, and aerospace and defense.Copyright © 2015, CT Now