C-COR to Cut 225

C-COR will streamline its corporate structure and key manufacturing operations into functionally aligned groups

January 3, 2006

2 Min Read

STATE COLLEGE, Pa. -- C-COR Incorporated (Nasdaq:CCBL), a global provider of interoperable solutions that simplify the transition to on demand networks, today announced it will streamline its corporate structure and key manufacturing operations into functionally aligned groups aimed at better serving the rapidly changing global marketplace.

C-COR will further strengthen its relationships with the world's top-tier network operators by bringing together sales, marketing, and business strategy through the creation of the Global Strategies group, and has named Mike Pohl (formerly President, Solutions Business Unit) as group president. C-COR will also ensure an efficient supply chain for its customers through the creation of an Operations group responsible for product development, manufacturing, and support, and has named John Caezza (formerly President, Access & Transport Business Unit) as that group's president. C-COR Network Services will continue to operate as a stand-alone business unit under the leadership of David Levitan, President.

In a move to reduce expenses, C-COR will relocate certain processes from Wallingford, CT, to its Tijuana, Mexico, facility, as well as close its Sunnyvale, CA, location. It is anticipated that these adjustments, as well as adjustments in corporate support areas, will be completed by June 30, 2006, and will result in a workforce reduction of approximately 225 employees.

"C-COR remains committed to our strategic plan of delivering complete technology solutions for bandwidth expansion, next generation on demand services, and back office automation. These new group responsibilities, to be executed by some of the industry's most experienced executives, will allow us to more optimally focus resources on IP-oriented product lines already prioritized in our strategic business plan and on profitable growth opportunities," said Dave Woodle, chairman and CEO of C-COR. "Our product lines are already in demand by many of the world's most advanced networks, and we will continue to invest and prioritize our investments to best support our customers' needs."

C-COR Corp. (Nasdaq: CCBL)

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