MINNEAPOLIS, June 25 -- CyberOptics Corp. plans approximate 20% reduction of its worldwide workforce due to persistently sluggish conditions in the electronics assembly and semiconductor capital equipment markets. Annualized savings from this workforce reduction are expected to total approximately $3.5 million. As a result, this measure will significantly reduce CyberOptics' breakeven cost structure and accelerate the company's return to profitability. Steven M. Quist, chief executive officer, commented: "Although business conditions have improved moderately, this difficult action, which...Read full articleRelated content from Photonics MediaArticlesTKH Vision Group Opens Vision Solution CenterTKH Vision has opened the TKH Vision Solution Center in Konstanz, Germany. 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