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

Liberty Global-owned Virgin Media is looking to expand its fiber network beyond urban areas in the U.K. via a wholesale fiber network joint venture. The…

Microsoft announced on Monday that it is investing $1 billon with OpenAI to develop large-scale AI solutions for Microsoft Azure.

Verizon is giving its enterprise customers faster provisioning times with the launch of its Software-Defined Interconnect (SDI) solution.