Close

Search

Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Optics Market Weakness Means More Belt-Tightening at CVI

Facebook Twitter LinkedIn Email Comments
by Melinda Rose, Senior Editor

LAKE FOREST, Ill., July 26, 2012 — CVI Melles Griot's lower-than-expected financial performance in the second quarter will mean cost-cutting will continue through the end of the year, the CEO of parent company Idex Corp. said this week. The restructuring is intended to "right size their cost structure" to drive profitability; cost-cutting measures at the lasers and optical equipment manufacturer have already resulted in a loss of about 20 percent of its workforce and one manufacturing facility. Albuquerque, N.M.-based CVI Melles Griot's products are used in spectroscopy, cytometry, remote sensing, target designation and...Read full article

Related content from Photonics Media



    ARTICLES


    PRODUCTS


    PHOTONICS HANDBOOK ARTICLES


    WHITEPAPERS


    WEBINARS


    PHOTONICS DICTIONARY TERMS


    MEDIA


    PHOTONICS BUYERS' GUIDE CATEGORIES


    COMPANIES

    back to top
    Facebook Twitter Instagram LinkedIn YouTube RSS
    ©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

    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.