ADVA posts Q4 loss, will cut 75 jobs

ADVA Optical reported a fourth-quarter net loss of about €27.7 million, or $43.5 million, and said a previously-announced corporate restructuring will include the elimination of about 75 jobs and the closing of two development offices. The Germany-based vendor is currently trying to change from a model in which the majority of its sales came through OEMs to one that is based more on direct sales.

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