Thursday, April 21, 2005
JDS Uniphase Corp. said Wednesday (April 20) it is consolidating its manufacturing operations in China, resulting in a more than 15-percent cut in its U.S. workforce.
The optics technology company (San Jose, Calif.) said it will consolidate manufacturing operations in New Jersey and Florida to its facility in Shenzhen, China, along with two unidentified contract manufacturing partners. It also plans to reduce manufacturing at a facility in Santa Rose, Calif., as part of a plan to phase out display products like micro-display windows.
The cuts are expected to result in the loss of 700 manufacturing jobs and 150 support positions by the end of 2005. Research and development activities will continue at all but one U.S. facility, the company said.
JDS Uniphase executives said the move was part of an overall strategy to reduce the company's cost structure by eliminating non-core products.
"We firmly believe that our ability to restructure major operations and rationalize our current portfolio, while investing in next-generation products, positions JDS Uniphase for success," President and CEO Kevin Kennedy said in a statement.
By: DocMemory
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