Schumer: 774 jobs will stay at CNY manufacturer after takeover
New York's senior senator, Charles Schumer, announced this afternoon that more than 700 jobs will remain at a manufacturer near Syracuse despite the company's recent takeover.
St. Louis-based Belden, Inc. announced it had purchased Production Products Company in DeWitt on December 11.
PPC employs 774 people making components and cables for the phone industry.
Schumer, a Democrat, said the following in a statement:
I am pleased that Belden’s CEO has committed to keep all 774 dedicated workers at Production Products Company on the job in central New York, which will in turn keep Belden connected to a top-notch manufacturing workforce. As soon as I heard Belden was acquiring the Town of DeWitt’s PPC, I wanted to be sure that these employees would continue to produce top-of-the-line cable and telephone parts right here in central New York, and foster the growth of Belden’s cable manufacturing business for years to come. PPC is a proud New York company and I am pleased that they will remain a vital part of our corporate community into the future.
Belden paid $515 million for PPC.