Lay offs to take place the week of Oct 8th. Previous cuts in Sept were related to relocation of DES manufacturing to Irleand. Oct cuts are happening in R&D and Management( as deep as 20 percent in some areas, but no official figure as too total headcount has been released).
Confirmed layoffs at multiple sites. this company has been dieing the slow death for years. Too bad they are starting to cut into some talented people. True the needed to get rid of some dead wood, but perhap they should look higher up the food chain. With this much debt and a boring product line, it's hard to think this won't be broken up or just sold off like scraps. worth spend a few thousand just to play the long shot though. Let's issue a CAPA on upper managment...:))