Sonus (Nasdaq: SONS) is once again tightening up its operations. This time, the VoIP equipment vendor is going to close offices in Ottawa, Canada and Darmstadt, Germany, while relocating its Freehold, N.J. facility to a smaller space in the area.
Out of this process, 12 employees, or about 1 percent of its global workforce will be laid off from the company. Through this process, Sonus said it will save between $2.0 to $2.3 million, while incurring about $3.5 million to $4.0 million in the second half of fiscal 2010 for lease terminations, severance and other related costs.
Set to be completed by the first quarter of fiscal 2011, this is the second restructuring exercise Sonus has taken in the past year. Last August, Sonus dismissed 93 people, or about 10 percent of its workforce.
"These initiatives follow the restructuring activities we undertook last year and are consistent with our ongoing efforts to further strengthen Sonus' operating efficiencies and more closely align the Company's cost structure with our market opportunities," said Richard Nottenburg, president and chief executive officer of Sonus, who announced previously this year that he would step down from the company, in a release.
- see the release here
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