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CTS to Cut 103 Jobs

Photonics.com
Nov 2007
ELKHART, Ind., Nov. 14, 2007 -- CTS Corp. announced this week it intends eliminate 103 jobs by the end of the year as part of a plan to realign some of its manufacturing operations.

CTS is based in Elkhart and manufactures electronic components and sensors used primarily in the automotive, communications, and computer industries. It also provides electronics manufacturing services (EMS) to OEMs in the automotive, computer, communications, medical, defense and aerospace, and industrial markets.

The company said it will realign manufacturing support functions at its locations that serve more than one business and will transfer certain production lines. CTS has operations in the US, Canada, Mexico, Thailand, the Czech Republic, Singapore, Scotland, and China and didn't specify where the jobs would be cut.

The restructuring will cost between $3 million and $3.5 million, with the majority that being severance pay, the company said. It expects $2.8 million of that to be paid in the fourth quarter of 2007.

For more information, visit: www.ctscorp.com


GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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