Cuts at fiber optics firm.The lure of lower production costs in Asia has convinced new management at Optical Communications Optical communications The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. Products Inc. to shift more manufacturing to a contractor in China, resulting in the layoff Layoff 1. When a company eliminates jobs regardless of how good the employees' performance. 2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding up to 180 workers in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. by next summer. The Woodland Hills fiber optic components manufacturer this month signed an agreement with Hong Kong-based SAE sae abbr (BRIT) (= stamped addressed envelope) → sobre con las propias señas de uno y con sello Magnetics Ltd., a subsidiary of TDK TDK Türk Dil Kurumu (Turkish Language Council) TDK The Dark Knights (gaming clan) TDK Tokyo Denkikagaku Kogyo KK (TDK Electronics Co. Ltd. Corp., to make high-volume product lines at Chinese facilities. "It was a pretty good decision on the new management's part, and reflects their concerns about making the company more competitive and more profitable," said Michael Coady, a Los Angeles-based analyst with B. Riley & Co. The move follows the company's August $20 million acquisition of Taiwan-based competitor GigaComm Corp. Around 80 jobs also will be eliminated at GigaComm as part of the SAE deal. Optical Communications manufactures devices that convert electronic signals into optical signals and back to electronic signals to enable high-speed voice and data traffic over public and private fiber optic networks. Its largest customer is French telecommunications giant Alcatel. |
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