It maintains shipping and manufacturing facilities as well as its headquarters in Watertown on Siemon Company Drive.

During a brief interview, a Siemon Company representative opted for sensitivity on the issue, as a meeting with employees was scheduled to occur shortly.

Information as to what departments the layoffs were concentrated, how many were residents of Watertown, the potential of further reductions, or the going concern of Siemon's operations in town were not elaborated upon.

Provided as part of a prepared statement, Siemon President Carl Siemon stated that, "The economic crisis that began to effect our business in the US in mid-September is now impacting us in all regions of the world. Our sales are largely dependent on enterprise customers expanding or renovating their I.T. networks. Our customers have been aggressively reducing their costs including postponing I.T. projects."

"We have implemented a number of cost reduction actions including temporary salary reductions across the company in order to minimize the number of job eliminations."