Sonus restructures company once again

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.

For more:
- see the release here

Related articles:
CenturyLink takes the VoIP network plunge with Sonus
Sonus conducts yet another round of layoffs
IntelePeer expanding Sonus-based network
Will Sonus get Nortel's VoIP assets?

Suggested Articles

Microsoft announced on Monday it has bought privately-held Mover to make it easier for its customers to migrated files to Microsoft 365.

Massive IoT use cases are complex and no single technology can cover them all, opening the door for a broader 5G ecosystem of “best fit” technologies.

T-Systems, the IT and digital services division of Deutsche Telekom, is letting customers kick the tires on private cloud usage via a free trial.