Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

FLIR Trims Workforce in Cost-Cutting Bid
Aug 2000
PORTLAND, Ore., Aug. 31 -- FLIR Systems Inc. will reduce its workforce by 50 people in a move to save the company about $4 million a year in employment and production cost savings the company said.
The job cuts will take place at the company's facility in Portland, Ore., leaving nearly 725 employees worldwide. The company expects to record a pre-tax charge of approximately $0.4 million during this year's third quarter because of the workforce reduction. FLIR expects to see the savings from the cuts by this year's fourth quarter.
While our revenues continue to grow and the markets for our products remain strong, our operational cost structure is unacceptably high, said John Hart, FLIR's acting president and CEO. Workforce reductions are difficult but necessary steps towards returning FLIR to profitable growth.
FLIR appointed Earl Lewis the company's chairman of the board, president and CEO on Aug. 14 of this year. Lewis will begin his duties as chairman on Sept. 1 and president and CEO on Nov. 1. FLIR Systems is a provider of precision engineered imaging solutions.

News & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 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.