Tuesday, August 24, 2010

Sonus to Close Facilities in Ottawa and Darmstadt

Sonus Networks will close its offices in Ottawa, Canada and in Darmstadt, Germany, and to relocate its Freehold, New Jersey facility to a smaller, more cost-effective space in the same area. These actions will result in the reduction of the company's workforce by 12 employees, or approximately 1% of employees worldwide, and the company estimates it will achieve annual cash savings of approximately $2.0 million to $2.3 million. http://www.sonusnet.com

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