x
Employment

ITF Optical Reduces Workforce

MONTREAL -- ITF Optical Technologies Inc. ("ITF" ), a privately held designer, developer and manufacturer of passive photonic components for optical communication networks, today announced that it is reducing its workforce by 128 people. The reductions will be concentrated in its manufacturing operations.

“We are taking this step because of the fast changing economic environment and the slowdown of capital spending in the telecommunications industry, which have resulted in decreased customer demand for photonic products. We will work closely with all affected employees to ensure that they are offered the appropriate support during this transition period,” said Eric Geoffrion, ITF's President and CEO.

http://www.itfoptical.com
Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE