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Adept to Cut Jobs by 15%

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LIVERMORE, Calif., June 28, 2007 -- Adept Technology Inc., a provider of production automation products, said today it plans to cut its work force by 15 percent and to close its Quebec and Southbury, Conn., facilities "due to North American market erosion" and to cut costs as part of its planned restructuring, announced earlier this week. The plan will also involve reducing its leased space at its Livermore, Calif., headquarters and consolidating its software development activities there and its US sales and service operations at its new technical center in Cincinnati, Ohio. Adept also has a US facility in Pineville, N.C.,...Read full article

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