Search
Menu
PI Physik Instrumente - Fast Steering LB LW 11/24

Corning Cable Sheds 900 Jobs

Facebook X LinkedIn Email
CORNING, N.Y., Aug. 16 -- Corning Incorporated said that its cable unit cut 900 jobs through layoffs and buy out offers. With these cuts, the cable unit, Corning Cable Systems, has slashed about 1,140 jobs, or 8 percent of its total work force, since May.    "The decline in the telecom business has been unrelenting, and, unfortunately, we don't see a near-term recovery," Corning Cable Systems president and chief executive Sandy Lyons said in a statement. "Since the first of the year, we have instituted several cost-reduction measures to preserve jobs as long as possible," he said....Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: August 2001
    CommunicationsNews & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.