Please do not leave this page until complete. This can take a few moments.
An information technology asset disposal facility in Windsor will shutter in September, causing 143 job losses, its owner disclosed to state labor officials.
Colorado-based Arrow Electronics said Arrow Value Recovery, located on Helmsford Way, would close around Sept. 14. Arrow is a global electronics distributor with nearly 350 worldwide locations and $29.7 billion in annual sales.
Arrow spokesman John Hourigan said Monday that the closure is part of a broader wind down of an Arrow business unit.
“On a daily basis, Arrow Electronics constantly aligns our services and offerings to the ever-changing needs of customers and suppliers in this dynamic market,” Hourigan said. “Along these lines, Arrow has completed a strategic review of our personal computer and mobility asset disposition business. As a result of our review, and with consideration of Arrow’s broader strategy, we are changing our approach to this business.”
The publicly traded company announced the wind down to investors on July 15.
The business unit, which Arrow believes is “not sustainable over the long term,” has facilities in the U.S., Sweden, United Kingdom and across Europe.
Arrow said it will keep its focus on artificial intelligence, industrial automation, smart cities and vehicles.
Wanted to state that I used to work here, and that it was one of the most poorly-managed operations I've ever been in. It was a nepotistic and disconnected culture that would constantly make massive mistakes that cost thousands upon thousands of dollars constantly. No blame would go up beyond the abused line workers, and any concerns (that would protect the company mind you) were blown off. While I understand how this market is changing, from what I've seen in my years there, I have no doubt that it was simply run into the ground. One of the most egregious acts was developing these slave-like time tables that weren't even using the right metrics, and so they changed how the entire factory functioned off of a foundation that was based in error and just ended up losing production, while making the process infinitely more miserable. I'm sorry for those that lost their jobs but luckily they're better off anywhere else.
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
1 Comments