JDS Uniphase Corporation (NASDAQ: JDSU and TSE: JDU) announced it will reduce its global workforce by approximately 3,000 people. The reductions will be concentrated in its passive component manufacturing operations in San Jose, California and Ottawa (Nepean), Ontario. The reductions will be confined primarily to manufacturing operations and reflect opportunities for realignment and improved efficiency.
At the same time, the Company confirmed that it intends to continue to hire for key positions in its high growth product areas, as well as to aggressively support its new product development strategy. The Company remains confident about its position in the industry and believes that its ongoing prospects remain very positive.
About JDS Uniphase:
JDS Uniphase, headquartered in Nepean, Ontario and San Jose, California, is a high technology company that designs, develops, manufactures and distributes products for the fiber optic communications market. These products are deployed by system manufacturers to develop advanced optical networks for the telecommunications and cable television industries. For more information, visit www.jdsuniphase.com.