Cigar company Oettinger Davidoff Group is relocating its U.S. headquarters from Stamford to Pinellas Park, Fla., near Tampa Bay, with officials there offering $300,000 in incentives for the company to create 90 jobs.
The company has had its local offices at 550 West Ave. in Stamford, along with an adjacent warehouse.
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The owner of the Danbury Plaza Hotel & Conference Center has put the facility on the auction block, with 70 jobs at stake depending on success in finding a buyer.
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Pyramid Acquisition II Management L.L.C. disclosed the potential impact on jobs in a filing with the Connecticut Dept. of Labor.
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Beiersdorf Inc. plans to begin layoffs of 165 employees at its Norwalk manufacturing plant in April, as part of plans to close the facility first revealed last October.
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The skin and beauty products maker has its U.S. headquarters in Wilton.
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Shelton-based TranSwitch Corp. has laid off an unspecified number of employees at its Shelton headquarters and at facilities in Fremont, Calif., and in India.
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The company designs integrated circuits for telecommunications equipment.
TranSwitch said it would pay $1.4 million in the current quarter toward the restructuring, and that it expects to save $4 million on an annualized basis.
TranSwitch was scheduled to report earnings after press deadline. Through the first three quarters of 2009, the company earned $1.2 million as revenue jumped 63 percent from a year earlier to $44 million, the result of its acquisition of Fremont-based Centillium Communications.
