JDS Uniphase to Cut 850 Job to Consolidate
From Bloomberg News
JDS Uniphase Corp., the maker of parts for fiber-optic networks, said it would cut 850 jobs as the company consolidated its U.S. manufacturing.
Production handled in Ewing, N.J., and Melbourne, Fla., would be shifted to the company’s plant in Shenzhen, China, and to two manufacturing partners, the San Jose company said. Manufacturing at its Santa Rosa, Calif., plant also will be reduced, the company said.
JDS Uniphase, which hasn’t had a profit in almost six years, is shifting operations to cut costs.
