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EXFO to Reduce Work Force by 30 Percent

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QUEBEC CITY, June 4 -- EXFO Electro-Optical Engineering Inc. announced yesterday it will reduce its work force by 30 percent, as part of a restructuring plan that it says will result in approximately $10 million (US) in annualized pretax savings. "EXFO has developed a strong market presence with network service providers around the world for almost 18 years and has extended this leadership into protocol-layer testing," said Germain Lamonde, chairman, president and CEO of EXFO. "However, continued depressed spending levels in the telecommunications industry, geopolitical and economic...Read full article

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    Published: June 2003
    CommunicationsEXFOExfo Electro-Optical EngineeringindustrialNews & Features

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