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Corning Undertakes Global Cost-Reduction Efforts

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CORNING, N.Y., June 5 -- Corning Inc. has begun implementing a major portion of the restructuring plans it announced in April with a series of workforce reductions across its telecommunications segment and in several research and development facilities. By the end of this week, the company will have eliminated approximately 1,500 jobs and offered early retirement packages to some 600 employees. Corning began notifying employees at the Sullivan Park research facility and in the optical fiber and photonic technologies businesses that about 600 positions in Corning, N.Y., are being eliminated...Read full article

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    Published: June 2002
    CommunicationsNews & Features

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