Fort Lee's Pioneer Power Consolidates, Cuts Jobs To Save Money
FORT LEE, N.J. -- Officials with Fort Lee-based Pioneer Power Solutions, a company that manufactures, sells and services electrical transmission equipment, said efforts to consolidate operations and cut jobs is expected to save $2.5 million annually.
Low-voltage production of the company's Bemag division, in Farnham, Quebec, was successfully moved to the company's facility in Reynosa, Mexico. A portion of that business went to a manufacturing partner in India, company officials said.
Company officials estimate that change will save about $1.3 million each year. Also, in November, staff cuts…