PCH International: PCH introduces voluntary redundancy scheme in China

Irish headquartered PCH, which cut 250 jobs in China earlier this year, has announced a voluntary redundancy programme for up to 1,500 employees in the region.The company said the introduction of the programme was due to a decision to primarily focus on value added services for customers operating in Internet of Things (IoT), wearables and connected products for the health, beauty and luxury sectors.PCH designs custom product solutions for start-ups and Fortune 500 companies. In recent years,it has invested heavily in engineering facilities in Silicon Valley, acquiring Lime Lab in 2012 and opening the PCH Innovation Hub in 2013."This is the right time to make this change to support our long-term profitable growth. Although this is a tough decision, it supports our strategy to diversify our business and customer portfolio and grow profitably in the connected hardware space," said PCH founder and chief executive Liam Casey."The most difficult aspect of this decision is the impact on our valued employees. We are working closely with colleagues and providing them with all possible assistance including a redundancy package and support to help them transition to new employment," he added.PCH said it will continue to offer its global customers core supply chain services in China - manufacturing, packaging, and fulfillment, and advanced product design engineering and development in San Francisco.