Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

GSI Lumonics Restructures UK Operations

Facebook Twitter LinkedIn Email Comments
KANATA, Ontario, Dec. 8 -- Because of a delay in the development of a high-power laser system for the automotive market, GSI Lumonics Inc. has cut 80 employees from its facility in Rugby, England and other distribution support positions worldwide. The company needed to bring expenses associated with the laser product in line with revenues, said GSI Lumonics.
While this action is unfortunate, it is taken to preserve the operating performance of the company both for the near and long term. It will not negatively affect our success in the areas of strongest opportunity for future growth, said Charles Winston, president and CEO of GSI Lumonics.
Dec 2000
News & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.