Mattel Cutting Jobs

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El Segundo-based Mattel Inc., the world's biggest toy maker, said Thursday that it will cut less than 80 positions worldwide in an effort to further streamline the company.

Mattel did not say where or in which positions the cuts would occur.

"Today's action means the net reduction of less than 80 positions worldwide through a combination of layoffs, the elimination of open requisitions, attrition and retirements," a Mattel statement said.

Mattel said it will offer its eligible employees severance benefits, outplacement services and "other transitional support."

Mattel employs about 1,600 people in El Segundo and 30,000 in 43 countries and territories.

In November of last year, the maker of Barbie, American Girl and Fisher-Price products announced it was cutting about 1,000 jobs in its worldwide operations, including 170 at its El Segundo headquarters.

That earlier downsizing came amid the backdrop of a worldwide economic downturn that saw a drop in toy sales.

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This page contains a single entry by Muhammed El-Hasan published on September 17, 2009 3:44 PM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

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Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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