Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Optelecom-NKF Cuts 23 Jobs

Photonics.com
Sep 2009
GERMANTOWN, Md., Sept. 16, 2009 -- Optelecom-NKF Inc., a supplier of video over IP (VoIP) and video-over-fiber products, announced Wednesday it will cut 23 jobs in the US and Europe as the result of a strategic review of its operations.

"Earlier this year the impact of the recession prompted us to implement a number of measures to reduce costs without directly impacting employees," said Dave Patterson, Optelecom-NKF's president and CEO. "However, it's apparent that we need to identify additional cost savings as the economic downturn continues to affect order flow."

The company said the reductions will cost it about $127,000 during the third quarter of 2009 but are expected to save approximately $1.6 million in 2010. The reductions include employees, contract employees and open positions.

"We're staying on top of the business and we're prepared to respond quickly to changing market conditions," Patterson said. "We believe this cost-saving action, the continued rollout of new award winning technologies, and the refinement of our sales structure positions us for the future."

For more information, visit: www.optelecom-nkf.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...
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.