Printer Friendly

ANAREN ANNOUNCES LAYOFF

 ANAREN ANNOUNCES LAYOFF
 SYRACUSE, N.Y., May 29 /PRNewswire/ -- Anaren Microwave Inc.


(NASDAQ: ANEN) announced a reduction in work force at its East Syracuse, N.Y., facility. This action was necessitated due to an anticipated lower sales volume in the coming fiscal year, and in an effort to reduce overall operating costs. Fourteen employees are immediately affected by the layoff and three additional positions have been eliminated through attrition. The reductions primarily involve overhead support positions, and bring the employment level of the company's U.S. operation to 266.
 In a related action, the company has instituted salary reductions for its directors, officers and upper management personnel.
 Anaren designs and manufactures microwave components, assemblies and receiver systems for use in tactical electronics applications for defense of ships, aircraft and land vehicles. It is traded on the NASDAQ Over-the-Counter National Market under the symbol ANEN.
 -0- 5/29/92
 /CONTACT: Carl W. Gerst, executive vice president of Anaren Microwave, Inc., 315-432-8909; or Anthony D'Angelo of Sage Marcom Inc., 315-478-6612, for Anaren Microwave, Inc./
 (ANEN) CO: Anaren Microwave, Inc. ST: New York IN: ARO SU:


KK -- CL015 -- 5294 05/29/92 15:51 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 29, 1992
Words:192
Previous Article:UNION CARBIDE CHALLENGES HEADQUARTERS SUIT
Next Article:AMERICANS SCORE LOW ON FAMILY READING; ONLY ONE PERCENT OF AMERICANS SPEND TIME READING TO CHILDREN
Topics:


Related Articles
ANAREN ANNOUNCES FIRST QUARTER EARNINGS
NAVY PROGRAM DELAY TO CAUSE ANAREN CUTBACKS
ANAREN ANNOUNCES STOCK REPURCHASE
ANAREN MARKS DIVERSIFICATION WITH 1ST MAJOR NON-DEFENSE CONTRACT
ANAREN ANNOUNCES STOCK REPURCHASE AGREEMENT
ANAREN MICROWAVE ANNOUNCES THIRD QUARTER RESULTS; DIVESTS U.K. SIMULATOR BUSINESS
Anaren Announces First Quarter Earnings
Anaren Sells Additional Common Stock
Anaren Receives Contract From ITT Avionics/Northrop Grumman
Anaren Announces Contract in Excess of $8.0 Million From Alcatel-Alenia Space.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters