BRIEF-CyberOptics to cut global workforce by about 30 employees

Thu Nov 21, 2013 4:45pm EST

Nov 21 (Reuters) - CyberOptics Corp : * Says cutting global workforce by approximately 30 employees * Sees severance and restructuring expense in Q4 associated with workforce

reduction of about $700,000 - SEC filing * Workforce reduction was undertaken in response to soft sales, particularly

smt inspection systems * Says material near term recovery in sales is not anticipated, so CyberOptics

is strengthening its commitment to cost control * Annual expense savings starting Q1 2014 associated with global workforce

reduction, other cost cutting actions expected to be about $2 million * Source text for Eikon * Further company coverage