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JDS Uniphase Announces Staffing Reduction
Feb 2001
OTTAWA, Ontario, Canada, Feb. 28 -- JDS Uniphase Corp. announced that it will be reducing its global workforce by approximately 3000 people. The reductions will be concentrated in its passive component manufacturing operations in San Jose, Calif. and Ottawa, Ontario. The reductions will be confined primarily to manufacturing operations and reflect opportunities for realignment and improved efficiency as a result of the current business environment.
    At the same time, the company confirmed that it intends to continue to hire for key positions in its high growth product areas, as well as to aggressively support its new product development strategy. The company said it remains confident about its long-term leadership position in the industry and believes that its ongoing prospects remain very positive.

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