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IFR Systems to Consolidate Optics Manufacturing in US

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WICHITA, Kans., April 26 -- IFR Systems Inc. will close its plant in Chandlers Ford, England and consolidate the manufacturing operations of its Optical Test & Measurement Division into its Beaverton, Oregon facility. The company expects the consolidation to contribute to a $2.0 million reduction in annual costs upon its completion in late 1999. Personnel reductions and other actions related to the consolidation will result in a charge of approximately $1.0 million in the quarter ended March 31, 1999, and additional charges of approximately $500,000 over the next 12 months. According to...Read full article

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    Published: April 1999
    industrialNews & Features

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